Sunday, July 3, 2022

Fuel prices hike by Ksh 9 in latest EPRA review

The Energy and Petroleum Regulatory Authority (EPRA) has announced a Ksh 9 increase in fuel prices taking effect from 15th June 2022.

The prices which have been calculated using the maximum retail prices will run from 15th June to 14th July 2022 as confirmed by the regulator.

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“In accordance with Section 101(y) of the Petroleum Act 2019, Legal Notice No.196 of 2010 and Legal Notice No. 26 of 2012, EPRA Kenya has calculated the maximum retail prices of petroleum products which will be in force from 15th June – 14th July 2022.” Said EPRA

Even though the government will still utilise the Petroleum Development Levy (PDL) to cushion Kenyans, the price of Super Petrol will now be Ksh 159.12, Diesel 140 and Kerosene will be Ksh 127.94.

“The Government will utilise the Petroleum Development Levy (PDL) to cushion consumers from the otherwise high prices.

In the period under review, the pump prices of Super Petrol, Diesel and Kerosene increase by Kshs 9.00 per litre respectively. Super Petrol, Diesel and Kerosene will now retail at Kshs.159.12, Kshs.140 and Kshs.127.94 per litre respectively in Nairobi starting midnight.” Said EPRA

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