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Originally published by The Standard Business
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March 5, 2026
2h ago

Calm before storm: Why oil prices may rise in May

Calm before storm: Why oil prices may rise in May

Kenya’s energy sector is on edge amid fears of looming fuel price shocks following escalating tensions in the Middle East, the main source of the country’s oil imports...

✨ Key Highlights

Kenya's energy sector faces potential fuel price increases in May due to escalating Middle East tensions that could disrupt oil supply chains, despite current reserves lasting until the end of April 2026.

  • Potential fuel price hikes are anticipated starting in May.
  • Martin Chomba, an official from the Petroleum Outlets Association of Kenya (POAK), warned of disruptions.
  • Significant global oil transit routes, like the Strait of Hormuz, are at risk, with about 20% of global oil passing through it.

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