Kenya raises retail fuel prices amid global supply squeeze
Kenya raised fuel prices by up to 23.5 percent on Thursday due to Middle East conflict. Petrol rose to 214.25 shillings while diesel hit 242.92 shillings.
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Kenya raised retail fuel prices by up to 23.5% to address rising energy costs. This follows a 24.2% increase last month amid Middle East conflicts that have squeezed global crude supplies. The surge threatens to accelerate domestic inflation and pressure consumer spending in East Africa's largest economy.
