The Energy and Petroleum Regulatory Authority (EPRA) has announced fuel price increases across the country for the next 30 days.
In the new review, super petrol, diesel, and kerosene prices increased by Ksh0.17 per litre, Ksh4.57 per litre, and Ksh3.56 per litre, respectively.
In a statement issued in Nairobi on Thursday, 14th January, the energy regulator said the prices are inclusive of the eight per cent Value Added Tax (VAT) in line with the provisions of the Finance Act 2018, the Tax Laws (Amendment) Act 2020, and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020.
“The changes in this month’s prices are as a consequence of the average landed cost of imported super petrol increasing by 1.51 per cent from $318.71 per cubic metre in November 2020 to $323.52 per cubic metre in December 2020. Diesel price increased by 13.05 per cent from $293.88 per cubic metre to $332.22 per cubic metre and kerosene by 9.27 per cent from $277.27 per cubic metre to $302.97 per cubic metre,” EPRA said.
The Free On board (FOB) price of Murban crude oil lifted in December 2020 was posted at $49.57 per barrel an increase of 15.17 per cent from $43.04 per barrel in November 2020.
Over the same period, the mean monthly US dollar to Kenya shilling exchange rate depreciated by 0.14 per cent from Ksh110.36 per dollar in November 2020 to Ksh110.52 per dollar in December 2020.
Following the adjustments, a litre of super petrol, diesel, and kerosene in Nairobi will now retail at Ksh106.99, Ksh96.40 and Ksh87.12, respectively.
In Mombasa, super petrol will be sold at Ksh104.60, diesel at Ksh94.01, and kerosene at Ksh84.75 per litre, while in Kisumu a litre of super petrol will retail at Ksh107.61, diesel at Ksh97.23, and kerosene at Ksh87.99.
The prices announced will be in force from 15th January to 14th February, 2021.