Kenya raises fuel prices
Nairobi, 14 Oct - (ANA) - Kenya's energy regulator today raised the price of petrol, diesel and kerosene in response to rising crude oil prices and an unfavourable exchange rate, raising the likelihood of higher inflation. Fuel prices have a big effect on the rate of inflation, which fell to 5.32 percent in September from 6.09 percent the previous month, having peaked at 20 percent late last year. The Energy Regulatory Commission (ERC) raised the maximum price of a litre of super petrol in the capital, Nairobi, by 6.31 shillings to 115.26 shillings, and that of a litre of diesel by 5.04 shillings to 106.11 shillings.The price of kerosene will go up by 6.36 shillings to 86.01 shillings a litre, ERC said in a statement. Super petrol hit a high in May of 121.13 shillings per litre. Kenya's economy is highly dependent on diesel for transport, power production and agriculture, while kerosene is used in many homes for lighting and cooking. The prices will take effect from tomorrow and be in place for one month. (ANA)

FA/ANA/14 October 2012------------