More pain as EPRA increases fuel prices
EPRA (Energy & Petroleum Regulatory Authority)increases fuel prices; diesel, petrol, and kerosene after the removal of subsidies
EPRA (Energy & Petroleum Regulatory Authority)increases fuel prices; diesel, petrol, and kerosene after the removal of subsidies
Kenyans will start paying higher fuel prices for the three petroleum products effective Monday, May 15, in the latest review by the Energy & Petroleum Regulatory Authority (EPRA).
In its monthly review of the fuel prices, EPRA noted that petroleum pump prices in Nairobi increased as follows: Super Petrol, Diesel, and Kerosene by Kshs3.40 per litre, Kshs6.40 per litre and Kshs15.19 per litre respectively.
The authority also announced that the subsidy on Diesel and Kerosene was removed.
Thus Nairobi, petrol prices rose to Ksh182.70, Diesel increased to Ksh168.40 and Kerosene rose to Ksh161.13.
In Mombasa, Petrol, Diesel, and Kerosene rose to Ksh179.86, Ksh165.57, and Ksh158.30 respectively.
Motorists in Nakuru will buy Petrol, Diesel and Kerosene at Ksh181.83, Ksh167.91 and Ksh160.65 respectively.
In Eldoret, Petrol will sell at Ksh182.54, Diesel Ksh168.61and Kerosene at Ksh161.35.
As per the EPRA release, some areas will buy petrol between Ksh184 to Ksh191. These areas include Meru, Chuka, Nanyuki, Mtito Andei, Kitui, Marsabit, Laisamis, Sololo, Dadaab, Elwak, Wajir, and Isiolo.
The new fuel prices released were for May 14, to June 14.
In the last EPRA review between April 14 and May 14, the price of super petrol, diesel, and kerosene remained unchanged.
EPRA noted that the move was because the petroleum products had been subsidized to cushion Kenyans from high prices.
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“In the period under review, the maximum allowed petroleum pump price of Super Petrol, diesel, and kerosene remain unchanged,” EPRA announced in the statement.
As a result, Nairobi motorists paid Ksh179.30 for super petrol, Ksh162.00 for diesel, and ksh145.94 for kerosene per litre.
The announcement came in the backdrop of Kenya receiving petroleum products in a new deal with a Saudi Arabian company and a Dubai-based company to supply oil to the country for a period of six months.
The government purchased oil at the same price on credit and remit in Kenyan shillings as a way of reducing the strain on the supply of the dollar.
The first fuel consignment under the new deal worth Ksh20 billion landed in the country in April 2023, with the latest consignment received on May 11, 2023.
“Two tanker vessels Nan Lin Wan and Proteus Jessica docked at the New Kipevu Oil Terminal with 100,000 metric tons of diesel and 85,979 metric tons of petrol respectively,” Kenya Ports Authority noted.
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