Home Business News Economy Fuel prices hike in latest EPRA review due to landing cost

Fuel prices hike in latest EPRA review due to landing cost

Fuel prices in the country have gone up in the latest review issued by the Energy and Petroleum Regulatory Authority.

“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 Ke has calculated the maximum wholesale and retail prices of petroleum products, that will be in force from 15th August 2020 to 14th September 2020.” Said EPRA

According to the regulator, prices of Petrol Diesel and Kerosene have gone up by Ksh KShs3.47 per litre, KShs2.76 per litre and KShs8.20 per litre respectively.

The increase has been attributed to the average landing cost of Petrol increasing by 14.8%, Diesel by 10.3% and Kerosene by 127.87%.

“The increase is a result of the average landed cost of imported Super Petrol increasing by 14.18% from US$ 279.58 per cubic metre in June 2020 to US$ 319.23 per cubic metre in July 2020; Diesel increasing by 10.30% from US$ 302.15 per cubic metre to US$ 333.27 per cubic metre.

Consequently, the average landed cost of imported Kerosene increased by 127.87% from US$ 126.39 per cubic metre to US$ 288.01 per cubic metre.” Said EPRA.

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