NAIROBI (Reuters) – Kenya's energy regulator reduced retail fuel prices for petrol and diesel on Friday, mainly due to falling international oil prices and a stable exchange rate, while increasing the price of kerosene. Fuel prices have a big impact on the rate of inflation in the east African economy. The rate inched lower to 4.05 percent in May from 4.14 percent a month earlier. The economy heavily depends on diesel for transport, power generation and agriculture, while kerosene is used in many households for lighting and cooking. …
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