More fuel prices pain looms on parallel dollar rates

Rubis Energy Kenya fuelling station at the United Nations Avenue in Gigiri, Nairobi. FILE PHOTO | NMG

Oil marketers are pushing for further increases in fuel prices to compensate them in the wake of a parallel exchange rate system, even as pump prices hit an all-time high in the latest review.

The Business Daily has learnt that as the Energy and Petroleum Regulatory Authority (Epra) was working on the latest review of fuel prices that saw pump prices increase by Sh9 across all fuel categories last night, dealers had turned their focus on the dollar shortage that has seen them buy the greenback most expensively than the printed official exchange rates.

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