Fuel prices up for second consecutive month

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EPRA revises fuel, petrol prices
PHOTO/COURTESY

The Energy Regulatory Commission (ERC) on Sunday, for the second consecutive month, raised the prices of fuel in a review that is expected to usher in more troubling times for Kenyans.

Following the review, a litre of Super Petrol, Diesel and Kerosene in Nairobi will increase by Ksh. 5.25, Ksh. 5.52 and Ksh. 2.76 respectively.

According to the energy regulator, the move which will take effect today, was warranted by the fact that the average landed cost of imported fuel increased in March 2019.

“In accordance with Legal Notice No.196 of 2010, the Energy-Petroleum Pricing- Regulations and the amendment thereof, ERC has calculated the maximum retail pump prices of petroleum products,” ERC said in an official statement.

“The changes in this month’s prices have been a consequence of the average landed cost of imported super petrol increasing by 9.14 per cent from USD568.55 (Ksh. 57,451) per ton to USD 620.54 (Ksh. 62,706) per ton; diesel increasing by 11.19 per cent from USD 561.64 (Ksh. 56,753) per ton to USD 624.51(Ksh. 63,106) per ton and kerosene increasing by 1.88 per cent from USD 650.29 (Ksh. 65,711) per ton to USD 662.55 (Ksh. 66,950) per ton,” the regulator added.

Following the review, a litre of kerosene will retail at Ksh 102.22 in Nairobi while a litre of petrol will set back consumers Ksh 106.60. Similarly, a litre of diesel will retail at Ksh. 102.13 in the capital.

In Mombasa, the new prices for Super Petrol, Diesel and Kerosene are now Ksh.103.98, Ksh.99.51 and Ksh.99.60 respectively and in Kisumu, the new fuel prices will be Ksh.108.55, Ksh.104.08 and Ksh.102.22 for a litre of super petrol, diesel and kerosene respectively.

The prices are inclusive of Value Added Tax at 8 per cent in line with the provisions of the Finance Act 2018.

The rise in fuel prices is expected to have a trickle-down effect on the local consumer who will ultimately have to dig deeper into their pockets to meet the rising prices on commodities.

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