Fuel prices escalate

Petroleum dealers increased retail pump prices this week following catastrophic fuel shortages occasioned by countrywide post-election skirmishes.

Key players forecast steady increases in retail fuel prices this year, and petrol prices have already skyrocketed to an average of 90 shillings per liter, while diesel is selling at 80 shillings per liter at most outlets in Nairobi.

The rising regional prices have further been influenced by fluctuating crude oil prices in international markets, currently trading at 95 dollars per barrel.

Crude oil prices have rebounded from last Thursday's record high 100 dollars per barrel in New York, as US Stock markets weaken and the nation suffers a dramatic recession in its mortgage sector.

Here's a breakdown of the latest fuel retail prices in a cross section of fuel terminals in Nairobi.