July 16, 2025
1w ago

Expert: Why fuel prices have shot up

Expert: Why fuel prices have shot up
T
The Standard Business• Original Publisher

According to Chomba, such geopolitical unrest typically forces oil tankers to avoid the Middle East route, opting for longer, more expensive paths that drive up distribution costs globally...

✨ Key Highlights

The recent hike in fuel prices in Kenya is attributed to geopolitical tensions stemming from the conflict between Iran and Israel, according to Martin Chomba, Chairman of the Petroleum Outlets Association of Kenya.

  • Super Petrol prices increased by Sh8.99 to Sh186.31 per litre as of July 15, 2025.
  • Chomba emphasized that Kenya's fuel pricing system reflects past prices due to a weighted average approach.
  • The imposition of a 16 percent VAT on imported fuel is criticized as unjustified, significantly affecting pump prices.

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