NAIROBI, Kenya—Kenya incurred an estimated KES20 billion ($143 million–$150 million) in additional fuel import costs within the first two months of the ongoing Middle East conflict, underscoring the economy’s exposure to global oil price volatility.

Analysis by 350.org indicates the surge is already feeding into broader economic pressures, including inflation and rising food prices, with the full impact likely higher once indirect costs are accounted for.

The findings, presented in Nairobi, highlight the structural risks tied to Kenya’s dependence on imported fossil fuels. The additional spending on oil alone, analysts note, could have financed solar access for roughly 150,000 households.

The report coincided with the launch of the “We Pay, They Profit” campaign, which calls for accelerated investment in decentralised renewable energy and policy measures to cushion consumers from recurring price shocks.

Energy experts say the latest spike reinforces the economic case for scaling local clean energy solutions to stabilise costs and reduce import exposure.

Amos Wemanya of Power Shift Africa said decentralised renewables offer a pathway to lower energy costs while strengthening long-term resilience.

Globally, oil and gas price increases could cost the economy up to $1 trillion by the end of 2026, according to 350.org, placing additional strain on import-dependent markets.

The latest price shock is likely to intensify policy focus on energy diversification, with renewables increasingly viewed as both a cost-control strategy and a long-term economic hedge.