Fuel prices Kenya
I traveled to Kenya in 2007 and the price of fuel was about 75 KES per liter. I knew that I wouldn't be able to afford to rent a car for my vacation, but I could rent a motorbike which was the cheapest option. I remember filling up my motorbike for 200 KES, and I was able to ride around for almost a week because the motorbike was so fuel-efficient.
Fast-forward to 2023, and the price of fuel in Kenya has skyrocketed to 210 KES per liter and that is a 30% increase in the last year alone. While I know that the price of fuel has been rising all over the world, it has risen more in Kenya than in most other countries.
There are a number of factors that have contributed to the rising cost of fuel in Kenya. One factor is the rising cost of crude oil, which is the main ingredient in gasoline and diesel. Another factor is the weakening of the Kenyan shilling against the US dollar.
The Kenyan government has tried to help ease the pain of the rising cost of fuel by reducing taxes on fuel. However, this has not been enough to offset the full impact of the rising cost of crude oil.
The rising cost of fuel has had a significant impact on the Kenyan economy. Transportation costs have increased, which has led to higher prices for goods and services.
The Kenyan government has been working on a number of initiatives to try to reduce the cost of fuel. One initiative is to increase the use of renewable energy sources, such as solar and wind power. Another initiative is to promote the use of more fuel-efficient vehicles.
The government is also working to reduce the country's dependence on imported fuel by increasing domestic production.
It is unclear when the price of fuel in Kenya will start to come down. However, the government is committed to working on a number of initiatives to try to reduce the cost of fuel for its citizens.