The Energy and Petroleum Regulatory Authority (EPRA) has issued a statement on the price of fuel from August 15 to September 14.
Prices of Super Petrol, Diesel and Kerosene will remain unchanged at Kshs.159.12, Kshs.140.00 and Kshs.127.94 per litre respectively in Nairobi.
"In accordance with Section 101(y) of the Petroleum Act 2019, Legal Notice No.196 of 2010 and Legal Notice No. 26 of 2012, the Energy & Petroleum Regulatory Authority has calculated the maximum retail prices of petroleum products for the period August 15 to September 14 2022," EPRA stated.An undated image of a petrol station attendant pumping fuel into a car in Nairobi County in February 2020.The Standard
"The Government will utilise the Petroleum Development Levy (PDL) to cushion consumers from the otherwise high prices. A litre of Super Petrol has been subsidised by Kshs54.91, Diesel by Kshs66.17 and Kerosene by Kshs74.17," EPRA announced.
Fuel prices for the next 30 days will remain unchanged following a directive by President Uhuru Kenyatta who issued a Ksh16.7 billion subsidy to cushion Kenyans.
The fuel prices have been on a steady increase since February 2022 when costs of super petrol, diesel and kerosene were Ksh129.72, Ksh110.60 and Ksh103.54 respectively.
In March, the 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 regulator increased the maximum pump price of all fossil fuels by Ksh9.90.
In June, 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 thus increased by Ksh30 per litre on average.
Although 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).
At the moment the government is also implementing a food subsidy on the price of maize flour after they signed a deal with millers for the commodity to retail at Ksh100.
Agriculture Cabinet Secretary Peter Munya maintained that the Unga subsidy is still in place, countering a memo published by a section of media claiming that it was scrapped.Maize flour stocked at a supermarket in Kenya.File
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