Global oil prices rise to Ksh13,200 a barrel ahead of EPRA review
Global oil prices have climbed above Ksh13,000 a barrel ahead of the next fuel price review by the Energy and Petroleum Regulatory Authority (EPRA), raising concerns over the cost of importing petroleum products into Kenya. Murban crude oil rose to USD101.67 per barrel on October 8, 2026, up from USD95.76 on October 1, according to […]
Oil prices have surged to Ksh13,200 per barrel in Kenya, just before the Energy and Petroleum Regulatory Authority (EPRA) is set to review fuel prices. This increase, to $101.67 per barrel, marks a 6.2% rise over the past week. The price jump is attributed to supply concerns stemming from ongoing geopolitical tensions in the Middle East.
As of October 9, 2026, according to the Central Bank of Kenya's weekly bulletin, Murban crude oil is trading at Ksh13,207 per barrel, with the Kenyan shilling showing minimal fluctuation against the US dollar. The rise in global oil prices, driven by geopolitical tensions, has raised concerns about the cost of importing petroleum products into Kenya.
The Monetary Policy Committee acknowledged the heightened global energy and food price pressures during its meeting on October 7, 2026, but maintained the Central Bank Rate at 8.75 per cent. Kenya's foreign exchange reserves, currently at $14.736 billion, provide a buffer against potential import pressures. However, sustained global oil price hikes could strain the country's import bill and make inflation control more challenging.
EPRA's next monthly review will determine how these global price movements translate into local price changes for consumers.
Written by urgent.news from People Daily Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
