Fuel Prices Shoot Up

EPRA in a statement on Tuesday, September 14 announced that Super Petrol went up by Ksh7.58, Diesel by Ksh7.94 and Kerosene by Ksh12.97 in its latest monthly review. 

Fuel Prices Shoot Up

The Energy and Petroleum Regulatory Authority (EPRA) has hiked the prices of Super, Diesel and Kerosene for the next one month, effective Wednesday, September 15 to Thursday, October 14. 

EPRA in a statement on Tuesday, September 14 announced that Super Petrol went up by Ksh7.58, Diesel by Ksh7.94 and Kerosene by Ksh12.97 in its latest monthly review. 

Petrol will thus retail at Ksh134.72 per litre in Nairobi, Diesel Ksh115.60 and Kerosene Ksh110.82.

A petrol station in Kenya. /FILE

The prices are inclusive of 8% Value Added Tax (VAT), in line with the provisions of the Finance Act 2018, The Tax Laws (Amendment) Act 2020, and the reviewed rates for excise duty that were adjusted for inflation as per Legal Notice No. 194 of 2020.

The prices for the three fuel products had remained constant for months, retailing at Ksh127.14 for petrol, Ksh107.66 for diesel and Ksh97.85 in Nairobi.

In Mombasa, Petrol will retail at Ksh132.46, Diesel at Ksh113.36 while Kerosene retailing at Ksh108.57.

The increase represents a fluctuating barrel price globally which veered between US$50 (Ksh 5,000) and US$ 70 (Ksh 7,000).

Back in August, Mining and Petroleum Chief Administrative Secretary (CAS) John Musonik said that the monthly prices of fuel would remain the same due to the set up of the Petroleum Development Fund (PDF).

By then, the state was working on modalities to protect Kenyans from the increase when the price per barrel crosses $50 (Ksh5,486) mark.

Last month, a barrel of crude oil averaged at $63 dollars (roughly Ksh6,300).

"From April, we have been using the fund. For now, we are going to stabilise the prices as we look at all the other components in the pricing," stated Musonik.

The new prices, particularly Super Petrol retailing at Ksh134.72 surpass the Ksh130 mark which was feared to be the highest prices ever witnessed in Kenya’s history.

Unless the state introduces alternative methods for the already expensive commodity, the new step-up in prices will make the cost of living more expensive to Kenyans.

Change in fuel prices as from September-October. /FILE