The Energy and Petroleum Regulatory Authority(EPRA) has retained fuel prices at the same level in December, the same as the pump prices it announced in November.
Thus the price of a litre of super petrol remains at KSh 129.72, diesel at KSh 110.60 per litre and KSh 103.54 per litre of kerosene.
EPRA has used the fuel levy to hold pump prices constant
EPRA is retaining fuel prices at the same level despite the increase in landed costs. The Government has utilised the Petroleum Development Levy to cushion consumers from the otherwise high prices.
These pump prices will remain effective from 15th December 2021 to January 14th 2021.
The average landed cost of imported super petrol increased by 3.595 to US$ 627.80 per litre in November while that of diesel increased by 6.98% to US$ 600.22 per cubic litre. Kerosene increased by 15.78% to US$ 604.43 per cubic litre.
The Free On Board price of murban crude lifted in November 2021 was posted at US$ 73.41 per barrel, an increase of 5.285 from US$ 69.73 per barrel in October 2021.
Over the same period, the mean monthly US$ to KSh exchange rate depreciated by 1.11% from KSh 111.10 per US$ in October to KSh 112.33 per US$ in November 2021.