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Pain in the new fuel prices

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A litre of petrol in Kenya’s Capital Nairobi will now cost Ksh.134.72 rising from Ksh.127.14.
The cost of diesel meanwhile spikes to Ksh.115.60 from Ksh.107.66 while kerosene will cost Ksh.110.82 from Ksh.97.85.

EPRA has attributed the rising fuel prices higher costs for landed petroleum products with the cost of landed super petrol rising by 0.72 percent, diesel by 4.81 percent and kerosene by 0.96 percent.

In its latest maximum pump price review, the Energy and Petroleum Regulatory Authority (EPRA) has raised the prices of super petrol by Ksh.7.58 per litre.

The greater fuel costs are expected to hurt Kenyans not just at the pump but also in their pockets as the cost of living surges with the prices of other basic commodities rising in the aftermath of higher petrol costs.

Kenyans will face more pain at the pump from Wednesday as petrol prices zoom past the Ksh.130 mark per litre, an all-time high cost for the commodity.

The energy sector regulator however masks the true reasons behind the astronomical surge in fuel costs.

The fund run partly by the National Treasury has provided respite to consumers by lowering margins paid to suppliers/ oil marketers who are later compensated by the exchequer for the hair cut.

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The HelaSend App, The Easiest And Cheapest Way To Send Money Worldwide

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Want to send money anywhere in East Africa? HelaSend has got you. HelaSend enables you to send money to your loved ones fast, and it’s also a safe way. The money sending service guarantees low fees. They have clearly defined exchange rates, so not having enough money to make transactions due to the influx of prices is avoided. For forex, HelaSend offers competitive forex rates, and you can only complete a transaction after viewing the provided rate.


HelaSend is the most preferred means of transferring money across Africa You can also use it for paying bills, shopping, and avoiding exchange house fees.

It has an amazing app that is safe for use and enables you to track your transactions, and you will be able to tell the exact status of your transfer.

The HelaSend app is very convenient as it’s available on your phone and can be used anywhere. You can also send and request money in various ways. You can also send money using your bank card; your mpesa account their an impressive cash pick-up feature, cash deposit, and airtime top-up. If you want to send money to your loved ones in Kenya, Uganda, or Tanzania, you can send HelaSend their details on the app, and we’ll send them on to you via email or SMS.

Helasend promises support for their clients as they have an excellent customer support team at your service 24/7. You can reach them on the phone, their social media handles, and email.

HelaSend motto is to ensure that your money is delivered safely and quickly to your loved ones. HelaSend is also a genuine venture as its fully licensed by the FCA and other licensed government finance authorities in major markets across Africa and UAE.

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Relief for Kenyans as petrol, kerosene prices drop

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Diesel, widely used in the transport and agricultural sector has also dropped by an equal margin of Sh5, a move that is likely to tame the cost of living (inflation) which has been rising in recent months.

Poor households are the biggest beneficiaries in the latest monthly fuel price review as the cost of a litre of kerosene drops by the biggest margin of Sh7.28.

The drop in fuel prices comes despite an increase in the landed cost of petrol and diesel, where that of petrol increased by 1.71 per cent from $548.36 per cubic metre in August to $557.74 in September.

Diesel increased by 3.10 per cent from $489.51 per cubic metre to $508.68.

The cost of importing kerosene however dropped by 4.1 per cent to $477.75 from $498.19 per cubic metre.

“The government will utilise the Petroleum Development Levy to cushion consumers from the otherwise high prices,” EPRA director-general Kiptoo Bargoria said in a statement on Thursday afternoon.

The adjustments now put new pump prices at Sh129.72 per litre of petrol in Nairobi, down from Sh134.72.

That of diesel drops to Sh110.60 from Sh115.60 while kerosene will now retail at Sh103.54 per litre, down from Sh110.82 until November 14, when new prices will be announced.

Poor households are the biggest beneficiaries in the latest monthly fuel price review as the cost of a litre of kerosene drops by the biggest margin of Sh7.28.

This is because kerosene is widely used for lighting and cooking for these families.

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InterContinental Hotel’s multi million assests put on auction

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According to documents obtained from Garam Auctioneers, some of the cars being auctioned include a Range Rover Discovery, Mercedes Benz Sprinter, and an Isuzu FRR.

The government also has a 33.8 per cent stake in the five-star hotel which at its peak offered accommodation to high profile guests and heads of state.

For years now the state has been looking for a buyer to offload its share to and the new plans could complicate the intended sale.

Some of the options the owners who include associates of former president Daniel arap Moi are considering include; office blocks, stalls and mini-hotels all in one building such as a mall.

n the midst of the Covid-19 economic crisis, the InterContinental Hotel announced in August that it would terminate its lease agreements with KHP, the hotel’s holding company, and close the facility.

As a result, Sovereign Group appeared to be the most likely candidate to acquire the 33.8 percent stake prior to its sale to outsiders.

The Intercontinental Hotels Corporation Group, which is listed in both the UK and the USA, has a 33.8 percent stake in the hotel group.

InterContinental Hotel's multi million assests put on auction | Pulselive  Kenya

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