The Energy and Petroleum Regulatory Authority (EPRA), has released fuel prices for the period between December 15, 2021 and January 14, 2022. fuel prices.
In a statement released by EPRA on Tuesday, December 14, the cost of fuel prices remain unchanged for the second month running.
Super petrol price remains Ksh129.72 per litre in Nairobi and its environs, while the cost of diesel remains Ksh110.60 in Nairobi.
The pump price of kerosene remains Ksh103.54.The new fuel prices will take effect December 15, midnight to January 14, 2022.
The authority cushioned Kenyans from a sharp increase in prices. In its statement, EPRA noted that the cost of fuel should have increased by between Ksh18.32 (Super) and Ksh23.07 (Kerosene).
"The government will utilise the Petroleum Development Levy to cushion consumers from the otherwise high prices," the statement read in part.
In Mombasa, the cost of fuel at the pump will be maintained at Ksh127.46 for petrol, Ksh108.36 for diesel and Ksh101.29 for kerosene. In Kisumu, the cost of the three commodities remain at Ksh130.12, Ksh111.30 and Ksh104.26 respectively.
The cost of fuel in 2021 was a subject of debate, reaching an all time high in the September mid-month review. In the price index released on September 14, the fuel pump price increased by Ksh7 per litre, save for kerosene that hiked by Ksh12.7.
However, following a public uproar, government revised the toll downwards by Ksh5 in October. The cost of fuel remains a concern among Kenyans given that it determines the cost of other basic commodities.
Notably, the spike in fuel costs in 2021 is attributed to the introduction of value added tax (VAT) on petroleum products. The introduction of the levy followed a bid by the National treasury to collect tax and fill the deficit owing to the tax holiday in the wake of the corona virus pandemic.
The other factors in play is the barrel prices in play include the barrel prices in the international market, the foreign exchange rate and the storage and transportation costs
