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Tough times for consumers as petrol price hits 26-month high
Fuel at a pump station: The higher costs are set to further erode the purchasing power of motorists and push up operating costs for industrialists and transporters. PHOTO | FILE
Petroleum prices have shot to a 26-month high, setting the economy up for a general rise in manufacturing and transport costs that will be ultimately borne by consumers.
The cost of diesel, which is mainly used to power trucks, buses, farm and industrial machinery, has risen by the biggest margin of Sh5.03 to Sh89.26 a litre in Nairobi – taking the pump price to its highest level since December 2014.
