An attendant fuels a car at a petrol station. Fuel prices have increased
on higher import cost and a weaker shilling against the dollar.
Photo/FILE
Nation Media Group
By RAWLINGS OTINI
Diesel prices increased by Sh1.27 to Sh104.52 a
litre putting pressure on the cost of goods in the festive season as
Petrol and Kerosene costs rose by a fraction of a shilling.
The prices of Petrol rose by Sh0.41 to Sh109.28 a
litre in Nairobi while the cost Kerosene increased by Sh0.28 to Sh83.07
due to the weakening of the exchange rate despite a drop in crude oil
prices.
The shilling deteriorated from Sh85.23 to Sh86.21
against the US dollar while crude oil prices dropped minimally by $0.25
(Sh21) a barrel between October and November.
Crude prices have remained relatively stable in
the 12 months todate helping to stabilize consumer prices and shielding
the shilling from volatility.
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