New Fuel Prices

New Fuel Prices


 

 

  • In its latest review, EPRA increased the price of petrol by KSh 16.96, diesel by KSh 21.32 and kerosene by KSh 33.13 per litre
  • The cost of petrol will retail at KSh 211.64, diesel KSh 200.99 and kerosene KSh Sh202.61 per litre in Nairobi
  • Kenyans expressed their disappointment on X social media platform (formerly Twitter), accusing President William Ruto’s government of overtaxing citizens

Kenyans on social media are up in arms after the Energy and Petroleum Regulatory Authority (EPRA) announced new pump prices effective Friday, September 15.

What are fuel prices in Kenya?
In its latest review, the regulator increased the price of petrol by KSh 16.96, diesel by KSh 21.32 and kerosene by KSh 33.13 per litre.

The cost of petrol will retail at KSh 211.64, diesel KSh 200.99 and kerosene KSh Sh202.61 per litre in Nairobi.

EPRA noted the average landing costs of the three commodities increased after oil cuts by the Organisation of the Petroleum Exporting Countries (OPEC).

“The average landed cost of imported super petrol increased by 4.8% from $739.21 to per cubic metre in July 2023 to $774.67 in August 2023. Diesel increased by 12.52%, while kerosene increased by 19.79%,” EPRA stated.
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How Kenyans reacted to new fuel prices
Kenyans expressed their disappointment on X social media platform (formerly Twitter), accusing President William Ruto’s government of overtaxing citizens.

TUKO.co.ke sampled some comments:

@C_NyakundiH opined:

“Wueh Taxmenistan.”

Richie added:

“The Ministry of Energy and The Ministry of Mining should team up with EPRA and get us the Turkana Oil; whatever we have now is unsustainable. The poor families who rely on Kerosene have now seen a jump of KSh 33.13 to KSh 202.61, a price shift of about KSh 100 in under a year.”

Why fuel prices rose
In August, the government announced a stabilisation plan to cushion Kenyans from the rising pump prices

The Energy and Petroleum Regulatory Authority pump price review for August-September 2023 set compensation for oil marketers through the Petroleum Development Levy.

Economists and sector experts averred that the levy was not enough to sustain the huge gap experienced in the sector

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