Tough times for motorists as US, Iran row raises oil price

Kenya is set for higher petrol and cooking gas prices should the US-Iran standoff persist. FILE PHOTO | NMG

Motorists and cooking gas users face tough times ahead after global crude oil prices rose to an eight-month high after last week’s assassination of a top Iranian general by the US last Friday fanned fears of a major conflict in the Middle East.

The indicative Brent crude price rose to an average of $72.01 a barrel, up from $65.50 in December, setting up oil importing economies such as Kenya for hard times ahead.

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