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Commodities

Kenya Fuel Prices at Risk Amid Saudi Pipeline Shutdown

Guavy AI Editorial Team
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Saudi Arabia's East-West pipeline, a critical artery for global oil supplies, has been temporarily shut after drone attacks. The disruption threatens to push up fuel prices in Kenya ahead of its next review on September 15.

The Saudi Energy Ministry said the attacks caused injuries and damage, prompting the shutdown as a precaution. The 1,200-kilometre pipeline carries about four million to five million barrels of crude oil per day.

Kenya's fuel market is exposed to changes in international prices, shipping costs, and the shilling-dollar exchange rate. The Energy and Petroleum Regulatory Authority (EPRA) will announce new maximum retail prices on September 15, with current prices expiring on September 14.

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