Thursday, October 6, 2022

Fuel prices increase as Diesel and Kerosene subsidies remain

The Energy and Petroleum Regulatory Authority (EPRA) has confirmed an increase in the prices of Super Petrol, Diesel and Kerosene by KShs 20.18 per litre, KShs 25.00 per litre and KShs 20.00 per litre respectively.

Through a public notice, the regulators noted that the new prices will take effect for a period of one month from 15th September to 14th October 2022.

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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 Ke has calculated the maximum retail prices of petroleum products which will be in force from 15th September to 14th October 2022.

The prices in Nairobi are as follows: Super Petrol, Diesel and Kerosene increase by KShs 20.18 per litre, KShs 25.00 per litre and KShs 20.00 per litre respectively.” Said EPRA

Even though the government has removed subsidy on Super Petrol, a subsidy of Kshs.20.82/litre and Kshs.26.25/litre on Diesel and Kerosene remains in place.

“Although the subsidy for super petrol has been removed, a subsidy of Kshs.20.82/litre and Kshs.26.25/litre has been retained for Diesel and Kerosene respectively in order to cushion consumers from the otherwise high prices.” Said EPRA

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