Energy and Petroleum Regulatory Authority (EPRA) has announced new fuel prices that will take effect from Friday night much to the pain of many Kenyans.
Under the new prices, Super Petrol increases by KShs.16.96, Diesel increases by KShs.21.32 per litre and Kerosene increases by KShs.33.13 per litre pushing there prices to Kshs.211.64, 200.99 & 202.61 respectively in Nairobi effective midnight.
“The maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol increases by KShs.16.96, Diesel increases by KShs.21.32 per litre & Kerosene increases by KShs.33.13 per litre.
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Super Petrol, Diesel & Kerosene will retail at Kshs.211.64, 200.99 & 202.61 respectively in Nairobi effective midnight.
The prices are inclusive of the 16% Value Added Tax (VAT) in line with the provisions of the Finance Act 2023, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020.
The average landed cost of imported Super Petrol increased by 4.80% from US$739.21 per cubic metre in July 2023 to US$774.67 per cubic metre in August 2023; Diesel increased by 12.52% from US$701.99 per cubic metre to US$789.89 per cubic metre while Kerosene increased by 19.79% from US$690.58 per cubic metre to US$827.26 per cubic metre.” said EPRA
The new prices will now push the price of other commodities further high as Kenyan struggle to put a meal on the table due to the high cost of living.