Kenya’s record fuel hike is the trigger consumers needed to inflame muted anger as Middle East crisis bites – analysts
On Tuesday, the country’s energy regulator raised the prices of super petrol and diesel by record margins of Ksh28.69 (about $0.22) per litre and Ksh40.3 per litre, respectively. The effects were immediate. In the public transport sector, operators, commonly known as matatus, raised fares by about 25 percent overnight.
KRA sets revenue collection record with $2.7 billion banked in December driven by robust oil sector and customs
This historic performance is largely attributed to strong growth in oil taxes, which grew by 23.9 per cent and recorded a performance rate of 103.7 per cent.
World oil markets react to ramped up hostilities in Middle East as Israel pounds Iran’s nuclear sites
US President Donald Trump urged Iran to make a deal over its nuclear programme, to put an end to the “next already planned attacks.” The National Iranian Oil Refining and Distribution Company said oil refining and storage facilities had not been damaged and continued to operate.
