More pain at the pump as oil prices hit three-year high

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A Total fuel station in Nairobi. FILE PHOTO | NMG

Global oil prices rallied to a three-year high on Tuesday, signalling more pain at the pump for consumers and heightened pressure on the government to defuse public outrage over expensive fuel.

Oil prices struck $80 (Sh8,800) a barrel on Tuesday after a sixth consecutive day of climbs, a market report by Reuters showed, boosted by a tighter supply and firm demand outlook although power shortages in China which hit factory output tempered the rally.

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