No relief in sight: CS Moses Kuria says fuel prices will keep soaring

12 Jan 2015, Nantong, Jiangsu Province, China --- A Chinese worker holds an oil nozzle at a gas station in Nantong city, east China's Jiangsu province, 12 January 2015. China's crude oil imports rose above 7 million barrels per day for the first time in December, reaching record levels as plunging international prices allowed the world's largest importer to fill strategic and commercial reserves. International crude prices are near six-year lows, revisiting levels last seen in the wake of the global financial crisis. While price controls over transport fuels limit the boost to the Chinese economy, the drop has presented an unusual opportunity for China to increase reserves of crude oil at relatively little cost. China imported 7.15 million bpd in December, bringing its full-year crude imports to a record 308 million tonnes up nearly 10 per cent on the year. Some of that additional demand reflects economic growth --- Image by © Imaginechina/Corbis

Trade Cabinet Secretary Moses Kuria warned Friday that Kenyans should brace for higher fuel prices until February amid a global ...

TIFA: Confidence in government goes up despite continued economic doubt

by Judd Mutua

September 15, 2023

0

A poll by TIFA has revealed that a large majority of Kenyans now believe the country is going in the ...

Kenya Set to Retreat from the Fuel Import Scheme with Gulf Nations

by Patricia Mutua

August 22, 2023

0

Kenya is poised to withdraw from its engagement in the fuel import credit scheme negotiated with Gulf nations, a move ...

A signage is seen at the border crossing point between Kenya and Tanzania in Namanga, Tanzania July 19, 2019. Picture taken July 19, 2019. REUTERS/Njeri Mwangi - RC1B24DD7490

East African Community Makes Strides in Trade Integration and Barrier Removal

by Joel Mugonyi

August 17, 2023

0

The East African Community (EAC) has successfully addressed 26 out of the 33 reported Non-Tariff Barriers (NTBs) as of June ...

Kenya’s National Treasury Launches Budget Process Amidst Controversy and Public Engagement

by Joel Mugonyi

August 17, 2023

0

The upcoming budget preparation for the 2024/25 financial year, alongside the Medium Term Plan, is set to be unveiled by ...

Kenyan Government Reinstated Fuel Subsidies Amidst Price Surge Concerns

by David Musau

August 16, 2023

0

The government of Kenya reinstated fuel subsidies, aiming to shield consumers from the sharp rise in pump prices following the ...

Career Forum: Navigating the Career Landscape in Kenya

by Patricia Mutua

August 16, 2023

0

Margie Muga is a content creator, an Advocate of the High Court as well a partaker in the Music Education ...

Strong Performance Propel Williamson Tea Kenya’s Share Price To New Heights Ahead Of Its Dividend Payments

by David Musau

August 9, 2023

0

Williamson Tea Kenya, a prominent player in the agricultural sector, has witnessed a remarkable upswing in its stock value, soaring ...

Kenyan Cabinet Shifts from Privatization to Revival of State Sugar Companies

by Joel Mugonyi

August 9, 2023

0

Kenya's Cabinet has abandoned plans to privatize state-owned sugar firms and instead approved the revitalization and commercialization of Mumias Sugar, ...

Moody’s Default Warning Dismissed by African Union Amid Kenya’s Bond Buyback Plan

by Joel Mugonyi

August 9, 2023

0

Moody's recent assertion that Kenya's intention to buy back its Eurobond debt amounts to default has been strongly refuted by ...

Tag: Kenya