Kenya raises retail prices of fuel
14 June 2016, 19:23
Nairobi (Reuters) - Kenyan consumers will pay more
for fuel at the pump for the next month after the Energy
Regulatory Commission raised retail prices during its monthly
review on Tuesday.
The ERC increased the maximum retail price of petrol in the
capital, Nairobi, by 2.3 percent to 86.17 shillings ($0.8527)
per litre, saying the costs of importing refined petroleum
products had gone up.
It also increased the retail prices of kerosene and diesel.
Costs of energy and transport have a significant weighting
in the basket of goods and services used to measure inflation in
the East African country.