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Costly fuel looms amid renewed Middle East hostilities
Local industry executives say that prices of diesel and petrol have, in the past nine days, increased by $87 (Sh11,258.7) and $52 (Sh6,729.3) per cubic metre of petrol and diesel, respectively, based on the Platts pricing.
Global Brent crude prices have crossed the $100 (Sh12,941) mark for the first time since July 2026, signalling higher pump prices in Kenya for the new monthly pricing cycle from October 15.
Market data shows that oil prices rose around one percent on Thursday, extending gains that kept Brent crude above $100 a barrel for a second running day even as traders braced for further supply disruptions following the largest attacks on shipping since their six-month-old US-Israel conflict with Iran began. Brent crude is the primary international benchmark used to price roughly two-thirds of the world's traded crude oil, underscoring why the current price rally will hit Kenya and other countries that are net importers of refined fuel.
