The Energy and Petroleum Regulatory Authority announced a significant surge in retail fuel prices across Kenya this Thursday evening.
The price of diesel witnessed a staggering 23.5% increase, climbing to 242.92 Kenyan shillings per litre from the previous month.
Petrol prices also moved upward to 214.25 shillings per litre, marking a steady climb following a similar spike in April.
Kerosene prices remained the sole exception to the trend, holding steady at 152.78 shillings for the upcoming monthly cycle.
Global crude supply shortages and soaring energy costs linked to the widening Middle East conflict are driving these domestic hikes.
The Kenyan government currently procures nearly all its petroleum products through direct government-to-government agreements with various Gulf-based suppliers.
Squeezed markets have forced the regulatory body to pass these international costs directly to consumers at the local fueling stations.
Analysts suggest the recurring price spikes may further strain the East African nation’s economy as transportation and production costs rise.
The new pricing structure remains effective until June 14, when the regulatory authority is scheduled to release its next assessment.
Civilians now face a tightening financial vice as the ripple effects of regional instability reach the pumps of Nairobi and beyond.
Israel’s ongoing military engagements in the Middle East continue to disrupt vital shipping lanes and energy production hubs across the region.
The metallic hum of global commerce falters as the cost of basic mobility becomes a luxury for many Kenyan households.