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Kenya Increases Gasoline Prices to Record Despite Subsidy Use

  • Regulator says gasoline pump prices rise by 3.8% from May 15
  • East Africa’s biggest economy has pumped money into subsidies
An attendant refuels a motorcycle taxi, known locally as a “boda boda,” in the Baba Dogo suburb of Nairobi.

An attendant refuels a motorcycle taxi, known locally as a “boda boda,” in the Baba Dogo suburb of Nairobi.

Photographer: Luis Tato/Bloomberg

Kenya’s May inflation is likely to soar further after gasoline prices jumped to a record high in the latest monthly review on Saturday, despite the use of a fuel subsidy.

A liter of gasoline will retail at 150.12 shillings ($1.29) in the capital, Nairobi, while diesel prices increased 4.4% to 131 shillings per liter effective May 15, the Energy and Petroleum Regulatory Authority said in an emailed statement. Kerosene jumped by 5.50 shillings to 118.94 shillings a liter.