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Petroleum Products set to increase from 15th May 2019

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Petroleum Products set to increase from 15th May 2019

Petroleum products are set to increase from 15th May as announced by the Energy Petroleum Regulatory Authority (EPRC).

Issuing a press release, The EPRC said that in accordance with the Legal Notice No. 196 of 2010, the board has calculated the maximum retail pump price of petroleum products which will be in force from 15th May to 14th June 2019.

The allowed petroleum pump prices in Nairobi will be Ksh 5.43 increase in Super Petrol, Ksh 2.24 for Diesel and Ksh 2.40 for Kerosene with the prices being inclusive of 8% Value Added Tax (VAT).

The prices are said to have increased due to an increase in the average landing cost of Super Petrol by 11.39% from $620.5 in March 2019 to $691.25 per ton in April 2019.

Also read: KRA implement 16 percent VAT on petroleum products

Diesel increased by 2.75% from $624.51 per ton to $641.67 with Kerosene increasing by 2.00% from $662.55 to $675.82 per ton.

Over the same period, the US Dollar to Kenyan Shillings depreciated by 0.65% from Ksh 100.47 per US Dollar in March to Ksh 101.12 per US Dollar in April 2019.

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