The Energy and Petroleum Regulatory Authority increased the prices of fuel by Kshs20 and Kshs 25 after the new government removed the subsidies.
For the next one month, Petrol will be sold at Kshs179 per liter. The prices of Diesel and Kerosene also went up by Kshs20 and Kshs25 respectively. Diesel will now go for Kshs 165 per liter while Kerosene will be sold at 147.
EPRA however did not only hike the prices of fuel but also those of electricity. The prices of electricity have also gone up by 15% despite the fact that immediate former president Uhuru Kenyatta ordered a reduction in January.
A report by the business daily indicates that EPRA also made a silent move last week by increasing the ” pass through costs” such as fuel, forex and inflation adjustments.
Therefore, the new prices indicate that domestic consumers of electricity will get 39.5 units of power for Kshs1000. Initially one would get 45.7 units for the same amount.
Heavier power consumers and industries will pay more bills.
“The heavier consumers and industries will see their power costs rise even higher since the pass-through costs now account for more than a third of power bills,” Business Daily reported.
EPRA Director General Daniel Kiptoo however revealed that plans are underway to cushion Kenyans from increased fuel and electricity prices. According to him, the government is planning to also invest in renewable sources of energy.
He also defended the government’s move to do away with the fuel subsidy saying that it was unsustainable.
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