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EPRA Increases Fuel Prices, Details Kenya-UAE Trade Deal, Horticulture Exports Decline

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The Energy and Petroleum Regulatory Authority (EPRA) announced revised fuel prices for the period between January 15 and February 14, 2025. In its January 14 report, EPRA announced an increase of Ksh0.
The article from MSN discusses several economic updates in Kenya. The Energy and Petroleum Regulatory Authority (EPRA) has announced an increase in fuel prices, with super petrol, diesel, and kerosene seeing rises of KSh 16.96, KSh 21.32, and KSh 33.13 per litre respectively, effective from July 1 to July 14, 2023. This adjustment is attributed to changes in the cost of importing petroleum products. Additionally, Kenya and the United Arab Emirates have signed a Comprehensive Economic Partnership Agreement (CEPA) aimed at enhancing trade, with a focus on sectors like agriculture, technology, and tourism. However, the Kenyan horticulture sector is facing challenges, with a reported 10% decline in exports in the first quarter of 2023, largely due to increased production costs and logistical issues.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/epra-increases-fuel-prices-details-kenya-uae-trade-deal-horticulture-exports-decline/ar-AA1xflvA ]