With the prices of basic commodities in the country on the rise, Kenyans will further dig deeper into their pockets as the energy regulator has increased fuel prices in the country.
During the review period commencing midnight to November 15, the Energy Petroleum Regulatory Authority (EPRA) has increased the price of super petrol, diesel and kerosene by Ksh5.72, Ksh4.48 and Ksh2.45 respectively.
As a result, a litre of petrol, diesel and kerosene will retail at Ksh217.36, Ksh205.47 and Ksh204.46 respectively in the capital city, Nairobi.
In the previous review period where fuel prices in the country breached the Ksh200 mark, kerosene recorded the highest increase of Ksh33.13 for every litre to retail at Ksh202.61 while diesel and petrol increased by Ksh21.32 and Ksh16.96 and retailed at Ksh200.99 and Ksh211.64 respectively during the September-October review period.
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The energy regulator has attributed the increase in the prices to a surge in the average landed cost of petrol, diesel and kerosene by 3.93 per cent, 7.07 per cent and 5.01 per cent respectively.
The average landed cost of super petrol per cubic metre jumped to US$805.14 in September from US$774.67 the previous month.
The landed cost of diesel and kerosene per cubic metre soared to US$845.72 and US$868.70 from US$789.89 and US$827.26 respectively in August.
“In order to cushion consumers from the spike in pump prices as a consequence of the increased landed costs, the government has opted to stabilize pump prices for the October – November 2023 pricing cycle,” stated EPRA.
Without this, the calculated actual price per litre of super petrol, diesel and kerosene would have been Ksh220.43, Ksh217.11 and Ksh214.66 respectively during the period.