Daily Brief: Kenya Gasoline Plunges 26%, Ukraine Surges 18%

Kenya saw the sharpest move among tracked markets, with gasoline falling 26.3% to $1.598 per liter over the past week. The decline comes amid reports of record-high diesel prices and protests over fuel costs, according to Reuters and Fortune. Despite the drop, pump prices remain elevated relative to global crude trends, per Africa Check.

In contrast, Ukraine's gasoline surged 17.7% to $1.290 per liter, while India posted a 10.9% increase to $1.167 per liter. India's fourth fuel price hike since the Iran war began was reported by OilPrice.com and Reuters. Japan saw gasoline decline 21.4% to $1.070 per liter, though The Japan Times noted the oil shock is hitting Asia harder than the 1970s.

Looking ahead, the Iran conflict continues to pressure global supply chains, with The New York Times reporting oil price jumps after recent attacks. Asia's energy crisis may deepen as governments spend billions to offset shocks, per Reuters. Kenya's protest risks and Ukraine's supply constraints remain key watchpoints.