Kenya raises petrol, kerosene prices

Fuel pump

Kenya's energy regulator raised petrol and kerosene prices on Monday, and lowered diesel prices, reflecting changes in their import costs.
Fuel prices have a big effect on inflation in the east African nation, which relies heavily on diesel for transport, power generation and agriculture, while kerosene is used in many households for cooking and lighting.
The government started a monthly review of retail fuel prices in 2010 after they shot upwards, driving up the cost of living.
The Energy Regulatory Commission raised the maximum retail price on a litre of petrol by 1.24 shillings to 115.86 shillings ($1.32) in the capital Nairobi and that of kerosene by 0.99 shillings per litre to 84.12 shillings.
It cut the price of diesel by 0.14 shillings per litre to 104.67 shillings.
The commission said the cost of importing a tonne of petrol rose 0.77 percent in June, while that of kerosene had gone up by 1.43 percent and that of diesel had fallen 1.88 percent.
The price adjustments take effect on July 15 and stay in place for one month.