Kenya: Global Oil Prices Rise Over Ksh10,000 Per Barrel Ahead of EPRA Review

Kenyan motorists should brace for high fuel prices as global oil costs continue to climb ahead of the Energy and Petroleum Regulatory Authority’s (EPRA) September 14 review.

This follows the surge in the price of Brent crude, the global benchmark used to price petroleum products, which has climbed back to around Ksh12,900 (USD100).

That is the first time Brent has hit the USD100 mark since July, and it is a sharp jump from the Ksh9,065 (USD70) per barrel level recorded just weeks earlier,…