(NAIROBI, KENYA) – The Treasury is seeking funding to subsidise retail fuel prices in the face of hostilities in the Middle East and the 2027 General Election, in a reversal of government policy. Treasury Cabinet Secretary John Mbadi said that Kenya is seeking additional funding to lower fuel prices withoutContinue Reading
(NAIROBI, KENYA) – Kenya’s trade deficit in goods climbed towards a record KES1 trillion ($6.92 billion / £5.45 billion / €6.45 billion) mark in the first six months of 2026, after an increase in the cost of fuel imports widened the gap between export earnings and the import bill. TheContinue Reading
(NAIROBI, KENYA) – Charcoal prices in Kenya jumped to their highest level in 78 months in June, deepening the squeeze on poor families already grappling with rising prices of alternative fuels such as liquefied petroleum gas (LPG) and kerosene. Fresh data shows the average national price of a kilo ofContinue Reading
(NAIROBI, KENYA) – Kenyan households and businesses will pay more for electricity this month after the Energy and Petroleum Regulatory Authority (EPRA) announced tariff adjustments totalling KES 4.70 ($0.032 / £0.025) per kilowatt hour for August meter readings. In Gazette Notices dated Friday, 14th August, EPRA announced a Fuel EnergyContinue Reading
(NAIROBI, KENYA) – A Kenyan court has ordered the revenue authority to deliver a final ruling within 60 days on a tax dispute involving Geo Chem Middle East, a Dubai based firm contesting a KES 1 billion demand. The Court of Appeal issued the directive after dismissing Geo Chem’s latestContinue Reading
(Nairobi, Kenya) – Diesel consumers in Kenya have been denied a KES 14 per litre price cut in the new fuel pricing cycle, which runs through September 14, after the State opted to transfer the relief to petrol and kerosene users. Diesel prices dropped by KES 5 to KES 217.86Continue Reading
(KYIV, UKRAINE) – Ukraine is filling its gas storage facilities ahead of schedule and with almost no imports this year. The pace marks a sharp change from the same period in 2024. Andrian Prokip, head of energy programmes at the Ukrainian Institute for the Future think tank, gave the updateContinue Reading
(KYIV, UKRAINE) – Russia is speeding up the creation of a shadow fleet to carry liquefied natural gas ahead of a full European Union ban on Russian LNG imports. The ban takes effect from 1 January 2027. The Foreign Intelligence Service of Ukraine reported the development. It said the KremlinContinue Reading
(NEW YORK, USA) – Oil prices rose slightly on Friday, 14 August, after the United States threatened an indefinite naval blockade of Iran. The move revived concerns about crude oil supplies. Brent crude futures gained 1 cent, or 0.1 percent, to 87.08 US dollars per barrel. West Texas Intermediate crudeContinue Reading
(LONDON, UK) – Oil prices fell on Thursday after gains in previous sessions. Attention shifted to expectations of weaker global demand this year, while no progress was made on reopening the Strait of Hormuz. Brent crude futures fell by 42 cents, or 0.47 percent, to $88.56 per barrel by 04:05Continue Reading
