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Fuel Prices Push Kenya Inflation Sharply Higher on War Shock

Fuel Prices Push Kenya Inflation Sharply Higher on War Shock
Key Points

An attendant refuels a motorcycle taxi, also known as a 'boda boda', on the forecourt of a gas station in Nairobi, Kenya, on Wednesday, April 13, 2022. Kenya agreed to compensate oil marketers for selling fuel they imported at rates higher than what’s reflected in the retail cap, a bid to end a supply shortage in the country.

An attendant refuels a motorcycle taxi, also known as a 'boda boda', on the forecourt of a gas station in Nairobi, Kenya, on Wednesday, April 13, 2022. Kenya agreed to compensate oil marketers for selling fuel they imported at rates higher than what’s reflected in the retail cap, a bid to end a supply shortage in the country.
Originally published by Bloomberg Markets Read original →