Murban oil prices rose to US$ 119.23 per barrel on March 3 compared to US$ 100.65 per barrel on February 24.
According to Central Bank of Kenya(CBK) Weekly Bulletin, Commodity prices including that of Murban Crude continue to increase due to supply disruptions as a result of the Russia- Ukraine conflict.
The Kenya Shilling remained weak against the greenback during the week
ending March 3. It exchanged at KSh 113.89 per US dollar on March 3, compared to KSh 113.80 per US dollar on February 24
Yields in major markets increased following assurance by the US Fed about future rate hikes.
In the period between 15th February 2022 and 14th March 2022, the pump prices of super petrol, diesel and kerosene in Kenya remain unchanged. It remains to be seen whether these prices will remain unchanged as the Russia-Ukraine conflict escalates.
The average landed cost of imported super petrol decreased by 0.86$ from $ 601.97 per cubic metre in December to $ 596.70 per cubic metre while diesel increased by 7.11% from $ 565.92 per cubic metre to $ 606.16 per cubic metre while kerosene decreased by 7.045 from$ 574.85 per cubic metre to$ 534.38 per cubic metre.
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