A litre of Super Petrol will retail at Ksh Ksh217.36 from KshKsh211.64 after the Energy and Petroleum Regulatory Authority (EPRA) increased the prices by Ksh5.
In a statement dated Saturday, October 14, the energy regulator announced that diesel had increased to Ksh205.47 from Ksh200.99, while Kerosene jumped to Ksh203.06 from the current Ksh202.61 per litre.
The new adjusted prices will take effect from midnight October 15 to November 14.
Following the sharp increase, Kenyans will spend more to buy different petroleum products.
“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 & Kerosene increases by Ksh5.72, Ksh4.48 and Ksh2.45 per litre respectively.
“In Nairobi, Super Petrol, Diesel and Kerosene will now retail at Ksh217.36, Ksh205.47 & Ksh205.06 effective midnight for the next 30 days,” read the statement in part.
President William Ruto’s administration cushioned consumers using a stabilization mechanism funded by the Petroleum Development Levy (PDL) in line with the Petroleum Development Levy, Order of 2020.
“From the calculations, Super Petrol had been projected to increase by Ksh8.79/litre, Diesel by Ksh16.12/litre and Kerosene by Ksh12.05/litre,” the energy regulator stated.
EPRA attributed the sharp rise to the landing costs.
“The average landed cost of imported Super Petrol increased by 3.93 per cent from US$774.67 per cubic metre in August 2023 to US$805.14 per cubic metre in September 2023; Diesel increased by 7.07 per cent from US$789.89 per cubic metre to US$845.72 per cubic metre while Kerosene increased by 5.01 per cent from US$827.26 per cubic metre to US$868.70 per cubic metre,” EPRA indicated.
The rise is expected to affect other sectors of the economy mostly the transport sector which is already feeling the pain of high pump prices.
Several Public Service Vehicles increased fare charges after the September review which pushed fuel prices past Ksh200.
Households which depend on kerosene were also affected by the rise.
Globally, fuel prices are expected to rise due to the conflict between Israel and Hamas.
