Motorists will have to bear with increased pump prices as the Energy and Petroleum Regulatory Authority (EPRA) has blamed high import costs for the hike in fuel prices.
The Energy and Petroleum Regulatory Authority (EPRA) in its monthly price review set new fuel prices across the country.
In Nairobi, Super petrol will increase by Ksh2.67 per litre to Ksh 112.87, Diesel will increase by Ksh2.13 per litre to 104.45. However, Kerosene price will decrease by Ksh1.26 per litre to KSh 102.69.
The changes in this month’s prices were informed by increase in average landed cost of imported Super Petrol by 3.91% from $471.01 in December 2019 to $489.44 per cubic metre in January 2020. Diesel price increased by 2.68% from $493.68 in December to $506.92 in January 2020. However, the average landed cost for Kerosene decreased by 2.64% to $495.32 per cubic metre in January from $508.77 recorded in December.
EPRA notes that the Kenyan shilling mean monthly exchange rate appreciated 0.35% from ksh101.32 per dollar in December 2019 to Ksh100.97 per dollar in January 2020.