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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Long Distance Buses Begin Fare Hikes for Kenyans Travelling Upcountry - May 2026
Long-distance bus companies in Kenya have begun implementing fare hikes just days after the Energy and Petroleum Regulatory Authority (EPRA) announced significant increases in fuel prices. Transport operators across Kenya are simultaneously demanding the immediate disbandment of EPRA and threatening a nationwide strike starting Monday due to unsustainable fuel price increases. The Kenya National Chamber of Commerce and Industry is urgently calling for a review of fuel taxes and levies, especially on diesel, due to soaring prices that threaten business sustainability and increase the cost of living. Meanwhile, the Kenyan Shilling experienced marginal depreciation against the U.S. Dollar and Euro during the week ending May 15, influenced by global energy shocks and rising international crude oil prices. Former Chief Justice David Maraga has stated that Kenya could have avoided its current fuel crisis through better resource management and sustainable investments.
