The Energy and Petroleum Regulatory Authority (EPRA) has released fuel prices for the period between Monday, November 15 and Tuesday, December 14.
In the pricing index released on Sunday, November 14, EPRA noted that the prices of petrol and diesel will not change for the next 30 days.
This means that the prices for petrol will retail at Ksh129.72 in Nairobi while diesel prices will retail at Ksh110.60. Kerosene, on the other hand, will retail at Ksh103.54.A petrol station attendant pumping fuel into a car.
In Mombasa, petrol will retail at Ksh127.46, diesel at Ksh108.36 while kerosene will sell at Ksh101.29. In the case of Nakuru County, petrol will retail at Ksh129.24, diesel at Ksh120.43 and kerosene at Ksh103.39.
"In accordance with Section 101(y) of the Petroleum Act 2019, Legal Notice No.196 of 2010 and Legal Notice No. 26 of 2012, EPRA has calculated the maximum retail prices of petroleum products, which will be in force from 15th November 2021 to 14th December 2021."
"The prices are inclusive of the 8 percent Value Added Tax (VAT) in line with the provisions of the Finance Act 2018, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No.194 of 2020," read part of the statement.
Fuel prices have been a subject of contention among Kenyans who felt the pinch of the tough economic times after the prices had been increased during the month of September.
After an online uproar, the prices were reduced in the month of October whereby prices of petrol and diesel dropped by Ksh5 while kerosene dropped by Ksh7.28 per litre.
This saw the prices for petrol in Nairobi change from Ksh134.72 to Ksh129.72 while diesel prices dropped from Ksh115 to retail at Ksh110.60. Kerosene, on the other hand, dropped from Ksh110.2 to Ksh103.54.
Fuel prices have been going up since April except for the month of August when the regulator retained the July prices.
This saw the Petroleum Cabinet Secretary, John Munyes, put on the spot in order to explain the rise in fuel prices. While appearing before the Senate in October 2021, he entailed that the costs were determined by a formula.
"The cargos will close on October 10, 2021, and therefore, it is at that time that we will know whether they are going up or down. So it is not rocket science. It is not something that I can say I will do because it is a formula that determines the price,” the CS stated.Petroleum and Mining Cabinet Secretary John Munyes during the vetting by the National Assembly Committee in March 2019The Standard
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