Kenyan fuel prices may increase next month due to ongoing disruptions in global oil supplies stemming from the Red Sea crisis and rising crude oil prices.

• The Kenyan government, through the Ministry of Foreign Affairs, has voiced concerns over escalating security threats in the Middle East impacting key trade routes like the Strait of Hormuz and the Red Sea.
• Yesterday, Yemen’s Houthi rebels declared a naval blockade targeting shipping in the Red Sea, threatening the critical Bab al-Mandeb Strait.
• Despite current price stability for the June 14 to August 14 cycle (Super Petrol at Ksh214.03 per litre in Nairobi), the government is hoping its G-to-G fuel import deal with Saudi Arabia will mitigate potential price shocks.