The cost of super petrol has gone up while the prices of diesel and kerosene have dropped slightly in the latest Energy and Petroleum Regulatory Authority (EPRA) review.
The super petrol price increased by Ksh1.48 while those of diesel and kerosene declined by Ksh0.12 and Ksh0.50 per litre, respectively.
Last month, the energy regulator increased the prices of super petrol, diesel, and Kerosene by Ksh3.47 per litre, Ksh2.76 per litre and Ksh8.20 per litre.
In a statement, the authority said that the average landed cost of imported super petrol increased by 2.65 per cent from $319.23 per cubic metre in July to $327.69 per cubic metre in August, while that of imported diesel decreased by 1.02 per cent from $333.27 per cubic metre to $329.88 per cubic metre while for kerosene decreased by 2.06 per cent from $288.01 per cubic metre to $282.09 per cubic metre.
“The prices are inclusive of the eight per cent Value Added Tax (Via) in line with the provisions of the Finance Act 2018 and the Tax Laws (Amendment) Act 2020,” EPRA said in a statement.
The Free On board (FOB) price of Murban crude oil lifted in August was posted at $45.74 per barrel, an increase of 3.30 per cent from $44.28 per barrel in July. Over the same period, the mean monthly US dollar to Kenya shilling exchange rate depreciated by 0.44 per cent from Ksh107.46 per dollar in July to Ksh107.93 per dollar in August.
Following the adjustments, a litre of super petrol, diesel, and kerosene will now retail at Ksh105.43, Ksh94.51 and Ksh80.78, respectively.
In Mombasa, super petrol will retail at Ksh103.05, diesel at Ksh92.15, and kerosene at Ksh80.78 per litre, while in Kisumu a litre of super petrol will retail at Ksh106.06, diesel at Ksh95.35, and kerosene at Ksh84.02.
The prices announced will be in force from 15th September to 14th October.