The war in Iran has rattled global energy markets, with crude oil prices climbing back to levels last seen in 2022. Nyoro argued that Kenya’s fuel prices should reflect actual import costs rather than speculative increases tied to geopolitical events. “So we don’t expect you to start deceiving Kenyans by raising fuel prices because the fuel from the month of March up to April is fuel that was brought into Kenya before global prices began to rise,” Nyoro said. “When global oil prices dropped from $100 per barrel down to even $54 per barrel, Kenyans barely felt the prices fall. “They timed it when global fuel prices were dropping, and they added seven shillings.

Source: The Star March 09, 2026 22:46 UTC