Fuel prices for the next 30 days will remain unchanged following a directive by President Uhuru Kenyatta.
In a statement dated Thursday, July 14, and signed by State house spokesperson, Kanze Dena, the price of Super Petrol will remain at Ksh159.12 per litre.
Diesel will continue retailing at Ksh140 per litre while Kerosene will continue retailing at Ksh127.94.
The prices remained unchanged following Uhuru’s authorisation of Ksh16.7 billion in fuel subsidy.
“It is notified that His Excellency the President has today authorized an additional fuel subsidy of Ksh16.675 billion, so as to cushion Kenyans from a further increase in fuel prices,” read the state House statement in part.
“With today’s presidential action, diesel will continue to retail at Ksh140.00, petrol at Ksh159.12 and Kerosine at Ksh127.94. Without such State interventions, the pump prices would have been Ksh193.64 for diesel, Ksh209.95 for petrol and Ksh181.13 for Kerosene.”
The President stated that the Jubilee administration was humane and had to do everything possible to cushion Kenyans from the high cost of living.
"As a caring government, we will continue to roll out similar actions so as to provide further direct relief to all Kenyan families and establish the necessary safeguards for protecting Kenyan consumers from further increases in the cost of living," added Uhuru.
The fuel prices have been on a steady increase since February 2022. The costs of super petrol, diesel and kerosene at the time were Ksh129.72, Ksh110.60 and Ksh103.54 respectively and had been set in October 2021.
In March, government increased the cost of fuel per litre by Ksh5 which saw petrol retail at Ksh134.72, diesel at Ksh115.60 and kerosene at Ksh103.54.
During the April fuel price review, EPRA Director General, Daniel Kiptoo, revealed that the the regulator had increased the maximum pump price of all fossil fuels by Ksh9.90.
In May, the government announced an increase of Ksh5.50 per litre for all fuel products, stating that it had placed a subsidy of Ksh26 for super, Ksh30 for diesel and Ksh50 for Kerosene.
In the June price review, EPRA increased the prices of fuel products by Ksh9 per litre with super retailing at Ksh159.12, diesel at Ksh150.12 and kerosene at Ksh118.94. In five months, the cost of fuel has increased by Ksh30 per litre on average.
While the fuel price is determined by the landing costs, taxes imposed on the products push the retail price to nearly double.
Some of these levies include excise duty, road maintenance levy, petroleum development levy, petroleum regulatory levy, railway development levy, anti-adulteration levy, merchant shipping levy, import declaration fee and value-added tax (VAT).
