Kenyans are now paying more for fuel at the pump after the Energy and Petroleum Regulatory Authority(EPRA) revised upwards, the maximum retail prices of petrol, diesel and kerosene.
According to EPRA data, Kenyans will have to pay more for Super Petrol, Diesel and Kerosene, whose prices in Nairobi has gone up by KSh 7.58 per litre, KSh 7.94 per litre and KSh 12.97 per litre respectively, effective 15th September 2021 to 14th October 2021.
These prices are inclusive of an 8% VAT.
These significant increases have been occasioned by the rise in the price of imported Murban crude in August as well as a weakening Kenya Shilling which has made it more expensive for Kenya to import the crude.
The Free on Board(FOB) price of Murban crude lifted in August 2021 was $ 72.34 per barrel, an increase of 8.46% from $ 66.70 per barrel in July 2021.
The Kenya Shilling has, during the same period under review, lost value against the greenback by 1.11% to exchange at KSh 108.26 in July to KSh 109.46 in August 2021.
Kenyans to face harsh times ahead
A spike in the price of fuel is expected to have ripple effects across the lives of Kenyans and an already struggling economy, leading to an increase in the price of essential commodities in the month of September-October 2021.
Super Petrol, Diesel and Kerosene now retail at KSh 134.72, KSh 115.68 and KSh 110.82 per litre respectively in Nairobi compared to KSh 132.46, KSh 113.36 and KSh 108.57 per litre of petrol, diesel and kerosene in Mombasa.
In Nakuru, a litre of petrol, diesel and kerosene retails at a maximum of KSh 134.24, KSh 115.43 and KSh 110.67 compared to KSh 135.13, KSh 116.31 and KSh 111.54 per litre in Eldoret.
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