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Originally published by Capital Business
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business
May 16, 2026
1h ago

KNCCI warns fuel price hike will raise cost of living

KNCCI warns fuel price hike will raise cost of living

KNCCI President Erick Rutto said the sharp rise in diesel prices is particularly worrying because the fuel is heavily used in transport, manufacturing, agriculture, logistics and construction. Kenya breaking news | Kenya news today |..

✨ Key Highlights

The Kenya National Chamber of Commerce and Industry (KNCCI) has issued a strong warning that the recent fuel price surge will significantly increase the cost of living, erode business profits, and diminish Kenya's regional competitiveness.

  • Super petrol prices have risen by Sh16.65 per litre and diesel by Sh46.29 per litre, with Nairobi prices reaching Sh214.25 and Sh242.92 respectively.
  • The appeal comes from KNCCI President Erick Rutto, who highlights diesel's crucial role across various sectors like transport, manufacturing, and agriculture.
  • KNCCI is urging the government to review fuel taxes and levies, enhance price stabilization, and invest in local refining capacity to curb reliance on imported refined fuel.

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