The Energy and Petroleum Regulatory Authority (EPRA) on Sunday, March 14, announced new fuel prices.
The new prices will be in force from Monday, March 15, to Sunday, April 14, meaning that motorists will now dig deeper into their pockets to buy fuel as prices of Super Petrol, Diesel and Kerosene will increase significantly starting midnight.
"Taking into account the weighted average cost of imported refined petroleum products, the changes in the maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol, Diesel and Kerosene increases by Kshs.7.63, Kshs.5.75 and Kshs.5.41 per litre respectively," read part of the statement by EPRA.
The new fuel prices in Nairobi are as follows: Super Petrol Kshs.122.81, Diesel at Kshs.107.66 and Kerosene at Kshs.97.85. The previous fuel prices retailed at Ksh115.18 for Super Petrol, Diesel Ksh 101.91 and Kerosene Ksh 92.44 per litre.
In Mombasa, Super Petrol will retail at Ksh120.41, Ksh105.27 for Diesel and Ksh95.46 for Kerosene. Nakuru's new fuel prices will be Ksh122.44 for Super Petrol, Diesel will retail at Ksh107.55 while Kerosene will go for Ksh97.76.
In Eldoret, the new fuel prices that will take effect from midnight will see Super Petrol go for Ksh123.36 Diesel for Ksh108.46 and Kerosene for Ksh98.68.
In Kisumu, the fuel prices are as follows: Super Petrol will retail at Ksh 123.36, Diesel will go for Ksh 108.46 whereas Kerosene will be Ksh 98.68.
According to the authority, the prices are inclusive of the 8% Value Added Tax (VAT) in line with the provisions of the Finance Act 2018 and the revised rates for excise duty adjusted for inflation was done according to Legal Notice 194 of 2020. EPRA attributed the rising cost of fuel to the changes in imported fuel prices.
"The changes in the month's prices are as a consequence of the average landed cost of imported Super Petrol increasing by 14.97% from the US $ 391.24 per cubic metre in January 2021 to US $ 449.82 per cubic metre in February 2021," EPRA stated.
For the sharp increase in Diesel, EPRA explained that it was occasioned by an increase of 12.29 % from the US $ 377.55 per cubic metre to US $ 423.95 per cubic metre and Kerosene increasing by 13.26 % from the US $ 347.19 per cubic metre to the US $ 393.23 per cubic metre.
For the past two months, motorists have had to endure tough times as fuel prices have been on a gradual rise. According to EPRA, the rise in fuel prices has been attributed to the high demand for fuel ever since the opening of the economies around the world.
