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Prepare to Pay More Fares as Fuel Prices Increased

Authors:

alfred kiura

The ERC announced that fuel prices will increased starting Thursday.

A fuel attendant at Petrol Station
A fuel attendant at Petrol Station
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The price of petrol, diesel and kerosene increased by Ksh2.38, Ksh3.11 and Ksh2.99 per litre respectively.

Affected Regions

Motorists in Nairobi will pay Ksh118.11 for a litre of super petrol and Ksh112.83 for diesel and kerosene will be selling at Ksh111.83 per litre.

Diesel and petrol will be sold in Mombasa at Ksh110.21 and Ksh115.45 respectively per litre. Motorists in Kisumu and Eldoret will pay Ksh119.56 and Ksh119.57 respectively for each litre of super petrol while in Nakuru, they will pay Ksh118.57 per litre.

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Wajir and Mandera will pay the highest for petrol which will be trading at Ksh125.79 and Ksh130.97 per litre at the pump.

According to a statement by the ERC Director General of ERC Robert Oimeke, the changes in the prices have been as a consequence of an increase in the average landed cost of imported petrol, diesel and kerosene.

“In accordance with Legal Notice No.196 of 2010, the Energy (Petroleum Pricing) Regulations and the amendment thereof, ERC has calculated the maximum retail pump prices of petroleum products, which will be in force from 15th November to 14th December 2018,” said Mr Oimeke.

Global Markets

The commission attributed the changes to increased fuel imports costs that have affected the global market since Septemeber this year.

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“Changes in this month’s prices have been as a consequence of the average landed cost of imported Super Petrol increasing by 4.02% from US$ 729.04 per ton in September 2018 to US$ 758.34 per ton in October 2018,”

This comes a month after the fuel prices went down following president Uhuru Kenyatta directive to revise the VAT on petroleum products from 16 percent to 8 percent.

Authors:

alfred kiura

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