Fuel prices have shot up in the current price review announced by the Energy and Petroleum Regulatory Authority of Kenya.
The new prices will take effect from 15th January and will end on 14th February 2020.
EPRA has attributed the increase to the average landing cost that has seen Super Petrol increase by 2.21%, diesel by 1.73% and Kerosine by Ksh 5.75%.
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“The changes in this month’s prices are a consequence of the average landed cost of imported Super Petrol increasing by 2.21% from USS 460.83 per cubic metre in November 2019 to USS 471.01per cubic metre in December 2019.
Diesel increasing by 1.73% from USS 485.29 per cubic metre to USS 493.68 per cubic metre and Kerosene increasing by 5.75o/o from USS 481.11per cubic metre to USS 508.77 per cubic metre.”
The prices are all-inclusive of the stipulated 8% Value Added Tax with the adjustment on inflation done as per the Legal Notice number 109.
In Nairobi alone, Super Petrol will go up by Ksh 0.70, diesel Ksh 0.54 and Kerosine by Ksh 1.64.
“Taking into account the weighted average cost of imported refined petroleum products, the changes in the maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol, Diesel and Kerosene increased by KShs 0.70 per litre, KShs 0.54 per litre and KShs 1.64 per litre respectively.”