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May 16, 2026
1h ago

Kenyan Shilling Slips Against Dollar and Euro After Fuel Price Shock

Kenyan Shilling Slips Against Dollar and Euro After Fuel Price Shock

On Thursday, EPRA increased petrol prices by Ksh16.65 and diesel by Ksh46.29 to Ksh242.92 per litre in Nairobi, raising fears of higher inflation...

✨ Key Highlights

The Kenyan Shilling experienced a marginal depreciation against the U.S. Dollar and the Euro during the week ending May 15, influenced by global energy shocks and rising international crude oil prices.

  • The shilling closed the week at Ksh129.33 per U.S. Dollar, down from Ksh129.19 a week prior.
  • The Central Bank of Kenya reported these shifts in its latest Weekly Bulletin.
  • A significant factor contributing to the currency's slide is the global conflict impacting the Middle East, which has driven Murban crude oil prices up to USD 94.84 per barrel.

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