When regulatory authorities increase fuel prices, it creates a chain reaction that raises costs across multiple sectors of the economy, including food prices and other essential goods, demonstrating how energy price regulation directly impacts overall economic stability and consumer purchasing power.
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review byEnergy andPetroleum Regulatory Authority has led to an increase in diesel and petrol pricesAdded:
[laughter] >> Yes.
Yes.
You know yesterday people made a dash to the petrol station.
>> [laughter] >> That's true. You know I was checking the dollar against the Kenyan shillings.
Mhm.
Yes.
I don't know how that thing is happening, but to go 129.
A liter of fuel is more expensive than a dollar.
Eh? I want you to think about that because this now has serious implications. Yes. Yes. Everything is going to go up.
I'm telling you, this is going to be crazy. Food prices will go up. Things will just become absolutely bonkers.
So, you better strap in for the next few weeks until next month at a time like this.
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