Kenyans will dig deeper into their pockets for various fuel products following historical adjustment by the Energy Petroleum Regulatory Authority (EPRA) on Thursday.
The regulator has calculated the maximum retail and wholesale prices of petroleum products, which will be in force from 15th September to 14th October.
The maximum allowed petroleum pump prices in Nairobi for Super Petrol increases by Shs16.96, Diesel increases by Sh21.32 per litre and Kerosene increases by Sh33.13 per litre.
Super Petrol, Diesel and Kerosene will retail at Sh211.64, 200.99 and 202.61 Per litre respectively in Nairobi effective last midnight.
In a statement, the regulator said the prices are inclusive of the 16 per cent Value Added Tax (VAT) in line with the provisions of the Finance Act 2023, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation.
“The average landed cost of imported Super Petrol increased by 4.80 per cent from US$739.21 per cubic metre in July 2023 to US$774.67 per cubic metre in August 2023; Diesel increased by 12.52 per cent from US$701.99 per cubic metre to US$789.89 per cubic metre while Kerosene increased by 19.79 per cent from US$690.58 per cubic metre to US$827.26 per cubic metre.”
The trade of petroleum products in the international market is denominated in United States Dollars, and an exchange rate is applied to convert the USD to Kenya Shillings during the computation of local pump prices. Kenya Shillings averaged at 148.98 in August.
In Mombasa, Super Petrol, Diesel and Kerosene will retail at Sh208.58, Sh197.93 and Sh199.54 per litre respectively. In Kisumu, Super Petrol, Diesel and Kerosene will retail at Sh211.40, Sh201.16 and Sh202.77 per litre respectively.
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