Fuel Prices

The Department of Energy welcomed progress in US-Iran peace talks but cautioned that restoring domestic fuel prices to pre-crisis levels could require six to 12 months. Officials emphasized that the situation now involves broader economic effects beyond oil supply.

14. juni 2026 Rapporteret af AI

The Motorists Association of Kenya has called for a full audit of the fuel pricing formula following the Energy and Petroleum Regulatory Authority's announcement of new pump prices.

The government and transport stakeholders reached an agreement on Tuesday to suspend the matatu strike for one week. This allows for further talks on fuel prices.

18. maj 2026 Rapporteret af AI

Interior CS Kipchumba Murkomen said four people died and at least 30 others were injured during Monday's anti-fuel protests.

South African employers are being advised against retrenchments despite rising fuel prices caused by the Middle East conflict. Experts describe the situation as a temporary oil shock rather than a full economic crisis. They recommend short-term measures such as hybrid work instead of permanent job cuts.

11. maj 2026 Rapporteret af AI

Finance Minister Koo Yun-cheol said Monday that temporary price caps on fuel products will remain in place for some time due to instability in the Middle East.