Fuel Prices Rise in Kenya as It Battles Worst Shortage in Decade
- Regulator raises monthly gasoline price to record high
- Kenya in third week of worst fuel shortage in a decade
Drivers and motorcyclists queue for fuel at a gas station in Nairobi, Kenya, on April 13.
Photographer: Patrick Meinhardt/BloombergThis article is for subscribers only.
Kenya increased gasoline prices to a record, adding to the pain of motorists already enduring the East African nation’s worst fuel shortages in more than a decade.
The cost of gasoline jumped 7.3% to a maximum of 144.62 shillings ($1.25) a liter in Nairobi, Energy and Petroleum Regulatory Authority Director General Daniel Kiptoo told reporters in the capital on Thursday. Diesel prices surged 8.6% to 125.5 shillings per liter.