World
Kenya regulator raises fuel pricesPublish Date: Jan 15, 2014
Kenya regulator raises fuel prices
  • mail
  • img
newvision

NAIROBI - Kenya's energy regulator said on Tuesday that it was raising the maximum retail fuel prices for petrol, diesel and kerosene for the month until mid-February, the second month in a row it has raised the price.

Fuel prices have a big effect on inflation in east Africa's biggest economy, where the economy depends heavily on diesel for transport, power generation and agriculture, while kerosene is used in many households for cooking and lighting.

The Energy Regulatory Commission raised maximum prices charged in Nairobi for super petrol by 1.31 shillings a litre to 110.59 ($1.28), diesel by 0.21 shillings to 104.73, and kerosene by 2.00 shillings to 85.07.

The prices are effective from Wednesday until Feb. 14.

Kenya's year-on-year inflation rate fell to 7.15 percent in December from 7.36 a month earlier.

The regulator reviews domestic fuel prices every month, with adjustments made depending on fluctuations in international energy prices and the shilling's exchange rate.

Reuters

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Fears grow of Ebola spreading to Europe
FEARS that the west African Ebola outbreak could spread to Europe are growing with a leading medical charity warning the epidemic is out of control...
Airline suspends flights to Ebola hit countries
PAN-AFRICAN airline ASKY suspended all flights to and from the capitals of Liberia and Sierra Leone over the worsening Ebola health crisis...
Israeli strikes kill 32 across Gaza
ISRAELI bombardments in the early hours of Wednesday killed 32 Palestinians in Gaza, including 20 at a UN school, medics said...
Violence soars in Gaza as world pleads for truce
BLOODSHED in and around Gaza surged Tuesday with strikes killing 26 Palestinians, including at least four children, as Israel announced the deaths of five more soldiers...
US President Barack Obama has warned that the future stability of the world depends on African nations achieving prosperity and self-reliance, in an address to youth leaders from the continent....
Second attack by female suicide bomber injures 6 in Nigeria
A second attack by a female suicide bomber outside a shopping centre in Nigeria''s Kano city injured six people on Monday after a similar blast killed three people at a petrol station, police said....
Should private schools and institutions be given tax exemption?
Yes
No
Can't Say
follow us
subscribe to our news letter