International oil prices increased in the week endings on May 14, 2026. In the CBK weekly report published on May 15, crude oil increased from $89.13 (Ksh 11533.42) per barrel on May 7 to $94.84 (Ksh 12272.30) per barrel on May 14. CBK said the increase is due to uncertainty arising from the ongoing war
Concerns about inflation persisted while global prices decreased during the week ending May 7, 2026. This is according to the Central Bank of Kenya (CBK) weekly report published on Friday, May 9. In the report, CBK said the inflation concerns were driven by sustained underlying price pressures, particularly in services and energy. U.S. labour market
The Minister of Investments, Trade and Industry has made an announcement for the temporary change in the country’s fuel standards due to supply issues as a result of global political instabilities. According to the statement released by the ministry on April 30, 2026, there have been formal requests by players in the oil industry seeking
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