An escalation of the conflict in the Middle East will push crude prices above $100 a barrel, the World Bank has warned, presenting a fresh inflation headache to consumers and central banks that have been looking to cut rates to stimulate economic growth.
In Kenya, motorists have enjoyed five straight months of falling fuel prices, with a litre of petrol retailing at Sh193.84 and diesel at Sh180.38 in Nairobi after the April 14 review, down from Sh212.36 and Sh201.47 respectively at the beginning of the year.
