Cost of living likely to skyrocket as prices of petrol, diesel and kerosene go up by KSh9
If you thought the prices of basic consumer commodities was high, wait till the ripple effect from the latest increase in fuel prices reaches a shop near you.
In the latest review by the Energy and Petroleum Regulatory Authority, the prices of diesel, petrol and kerosene go up by KSh9 per litre from midnight Wednesday.
This increase will inevitably increase the cost of transport, and with it, the prices of basic consumer goods. Petrol is now retailing at KSh159.12 per litre, diesel at KSh140 and kerosene at KSh127.94.
EPRA says the increase is due to a concomitant rise in the landed cost of petroleum imports in May.
According to the Kenya National Bureau of Statistics, the Consumer Price Index as at May, 2022 was 7.1 per cent- a two year high. The index measures the monthly changes in prices paid by consumers.
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