The Energy and Petroleum Regulatory (EPRA) has announced an increase in fuel prices that will take effect from midnight, Friday, April 15.
In the price review for the period between April 15 and May 14, the price of a litre of super petrol has been increased by Ksh9.90 to a pump retail price of 144.62.
Diesel will be sold at Ksh125.50 while Kerosene will retail at the pump at Ks113.44 cents per litre. Diesel and kerosene costs have also increased by the same margin Ksh9.90 per litre. The new prices will take effect at 12.00 am on Friday, April 15.
Notably, the government has offered a subsidy of Ksh29.08 for a litre of super petrol, Ksh40.24for a litre of diesel and Ksh26.45 for a litre of Kerosene.
Without the subsidy, the products would have retailed at Ksh173.70, Ksh165.74 and Ksh139.89 for super, diesel and Kerosene respectively. The increase of fuel is the ripple effect of the jump in costs of barrel prices in the international market.
EPRA Chief Executive Officer Daniel Kiptoo said the new prices are inclusive of 8 per cent VAT in accordance the Finance Act, 2018, Tax Law amendment Act 2020 and adjustment of inflation rates.
While releasing the new prices on Thursday, Kiptoo said the hike is as a result of a 20.47 per cent increase in the average landing cost for super petrol by, 24.7 per cent for diesel and 11.84 per cent for kerosene.
This translates to a 20.47 per cent change in the cost of super petrol, 24.7 per cent change in the cost of diesel and 11.84 per cent in the cost of kerosene.