Fuel prices up by Sh5 in latest EPRA review

NAIROBI, Kenya, March 14 -Fuel prices have risen for the first time since November last year with the cost of petrol increasing to Sh134.72 compared to Sh129.72 in the previous month.

In the latest review by the Energy and Petroleum Regulatory Authority (EPRA), the cost of diesel will also increase by Sh5 to Sh115.60 while the price of Kerosene will remain unchanged at Sh103.54.

The average landed cost of imported super petrol increased by 13.34 per cent from USD596.79 per cubic metre in January 2022 to USD676.40 per cubic metre in February 2022; Diesel increased by 11.74 per cent from USD606.16 per cubic metre to USD677.31 per cubic metre.

The landing cost of kerosene also increased by 15.94 per cent from USD534.38 to USD619.57 per cubic metre.

According to EPRA, the government will utilize the Petroleum Development Levy to cushion consumers from the otherwise high prices.

In Mombasa, Super Petrol will retail at Sh132.46, diesel Sh133.36 and kerosene at Sh101.29

In Nakuru, Super petrol will retail at sh134.24, Diesel Sh115.43 and Kerosene at sh103.39.

For those in Kisumu, Super petrol will retail at sh135.13, Diesel Sh116.30 and Kerosene at sh104.26.

The National Assembly Committee on Finance in October 2021 recommended a reduction on taxes and levies through tax law amendments to cushion Kenyans from the spike in fuel prices in the recent months.

The committee tabled a report before the House seeking to reduce the Petroleum Development Levy charged on Super Petrol and Diesel from sh5.40 to sh2.90.