Fuel prices have now hit the sh200 mark record for the first time ever in Kenya’s history, with the rate rising by as much as sh20 for every litre. The rise fuel prices will hit at consumers in terms of cost of living.
Kenyan motorists are set to pay more after the Energy and Petroleum Regulatory Authority (EPRA) announced an increase in fuel prices set to take effect on Friday.
EPRA, in a statement to newsrooms on Thursday night, disclosed that Super Petrol prices have now increased by Ksh.16.96, Diesel rises by Ksh.21.32, while Kerosene climbs the highest to Ksh.33.13 per litre.
The Authority’s Director General Daniel Kiptoo Bargoria noted that the increased prices were due to the weighted average cost of imported refined petroleum products.
“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,” he stated.
“The average landed cost of imported Super Petrol increased by 4.80% from US$739.21 (Ksh.108,516.03) per cubic metre in July 2023 to US$774.67 (Ksh.113,721.56) per cubic metre in August 2023; Diesel increased by 12.52% from US$701.99 (Ksh.103,052.13) per cubic metre to US$789.89 (Ksh.115,955.85) per cubic metre while Kerosene increased by 19.79% from US$690.58 (Ksh.101,377.14) per cubic metre to US$827.26 (Ksh.121,441.77) per cubic metre.”
The changes now mean Super Petrol in Nairobi will now be retailing at Ksh.211.64, Diesel at Ksh.200.99, and Kerosene will be Ksh.202.61 per litre.
The rates per litre in Mombasa will be, Super Petrol (Ksh.208.58), Diesel (Ksh.197.93) and Kerosene (Ksh.199.54) while in Kisumu; Super Petrol (Ksh.211.40), Diesel (Ksh.201.16) and Kerosene (Ksh.202.77).
