THE STANDARD
BUSINESS
Inflation is strongly experienced in developing economies when oil prices go up. [File, Standard]
Kenya’s fuel costs are expected to rise higher today (Wednesday, April 14), when the Energy and Petroleum Regulatory Authority (EPRA) will review energy prices for the April-May period.
The high fuel costs would be occasioned by the increase in crude oil prices.
EPRA, in estimates early this week, suggested the price of petrol will rise by Sh4.30 to Sh127.11 per litre in Nairobi while diesel is expected to jump from Sh107.66 to Sh109.96.
Should the prices increase as suggested, then petrol costs will have risen by Sh20.12 a litre over the last three months, while diesel will go up by Sh13.56 over a similar period.