The Energy and Petroleum Regulatory Authority (EPRA) on Sunday, May 14, revised fuel prices for the period between May 14 and June 14.
Super petrol, diesel and kerosene increased by Ksh3.40 per litre, Ksh6.40 per litre and Ksh15.19 per litre respectively.
The increased prices are expected to hit key economic sectors in the country and increase the cost of living.
Kenyans.co.ke compiled four areas that will be negatively impacted by the increased prices.
Consumer goods
Many industries in Kenya use diesel for production and with increased prices, this will subsequently increase the cost of production.
This will be passed on to consumers in the form of increased prices.
Some of the key consumer goods prices expected to increase in price include; maize flour, milk and bread.
Motorists
Car owners will have to dig deeper into their pockets after the increment in fuel prices.
The Matatu sector has been dealt a double blow since the government also increased fuel tax from 8 per cent to 16 per cent.
On Sunday, May 7, matatu owners revealed that they would increase fare prices following the increased taxes.
“We know very well that for products to reach consumers they have to be transported, so every product's prices will go up," Matatu Owners Association Chairman Simon Kimutai stated.
Now with increased fuel prices, the increase in fares will be inevitable.
Commuters
The increased fare prices will hurt commuters who are already grappling with a high cost of living.
This will greatly affect Kenyans living in urban areas who commute daily to work and depend on the public transport system.
Kerosene
Kerosene prices increased by the highest margin of Ksh15.19 after EPRA announced the withdrawal of the subsidy that was instituted by former President Uhuru Kenyatta’s administration.
According to the Kenya National Bureau of Statistics (KNBS), nearly 70 per cent of Kenyans still rely on Kerosene lamps for lighting.
In another survey done by Kenya Cooking Sector Report (2022), it was found that 1.7 million households in Kenya use kerosene for cooking.
This means that millions of Kenyans will be affected by the drastic increment in Kerosene prices.
