C
Originally published by Capital Business
📰 Read Full Article
business
April 9, 2026
1mo ago

Petrol and diesel prices rise again as concerns grow over ceasefire

Petrol and diesel prices rise again as concerns grow over ceasefire

Oil prices had plunged initially after an agreement to pause the conflict was announced, but rose on Thursday due to concerns over whether the ceasefire would hold. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Petrol and diesel prices are on the rise again, despite a ceasefire agreement between the US and Iran, due to ongoing concerns about its durability and its impact on oil supplies.

  • Fuel prices remain significantly higher than pre-war levels, with wholesale oil prices jumping by 35% since the conflict began on February 28.
  • Motoring groups like the RAC and AA are warning drivers not to expect immediate price drops.
  • Doubts over the ceasefire emerged after Israel launched strikes on Lebanon, threatening the safe passage of ships through the crucial Strait of Hormuz.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article

Part of the Day's Coverage

Bad Fuel Scandal Grows as Kenyan Motorists Face Engine Damage Risk - April 2026

Kenya is facing a significant fuel scandal involving the importation of substandard petrol containing excessive sulphur and manganese, which can severely damage vehicle engines and emission control systems. The Competition Authority of Kenya has issued a stern warning to oil marketing companies against hoarding and anti-competitive practices amidst ongoing fuel shortages. A severe fuel shortage in Mombasa has forced car importers to shift from road to rail transport for vehicle deliveries, as truckers face difficulties sourcing diesel. Meanwhile, petrol and diesel prices continue to rise despite a ceasefire agreement between the US and Iran, due to ongoing concerns about its durability and impact on oil supplies.

4 stories in this topic
View Full Coverage
Advertisement

Related News

Advertisement