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Originally published by Kenyans
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March 2, 2026
2h ago

Global Fuel Prices Surge Ahead of EPRA Review

Global Fuel Prices Surge Ahead of EPRA Review

EPRA is expected to announce new fuel prices on March 14, and with the current escalations, countries around the world are bracing for higher pump prices...

✨ Key Highlights

Global oil prices have surged, threatening to increase fuel costs in Kenya just weeks before the Energy and Petroleum Regulatory Authority (EPRA) reviews pump prices. This surge follows Iran's closure of the Strait of Hormuz, a critical shipping route for global oil and gas.

  • The Strait of Hormuz handles about 20 per cent of global oil and gas flows.
  • This event impacts Kenya's fuel landing costs, potentially affecting prices despite the government's G-to-G deal.
  • The closure comes after a recent EPRA review that saw a reduction in fuel prices, with Super Petrol now retailing at Ksh178.28.

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