Kenya Raises Retail Fuel Prices by Up to 24 Percent
Kenya raised fuel prices by up to 24 percent as global crude costs rose. The regulator reduced VAT to 13 percent to help cushion the impact on local consumers.
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The Energy and Petroleum Regulatory Authority (EPRA) of Kenya has announced a significant increase in retail fuel prices, with some products rising by more than 24%. This adjustment follows a sharp climb in global energy benchmarks, including Brent Crude Oil and West Texas Oil, driven by escalating tensions and supply disruptions in the Middle East.
