Motorists today, 15th January 2020, woke up to fresh higher prices for fuel following the latest review of petroleum product prices by the Energy and Petroleum Regulatory Authority (EPRA).
The higher prices of fuel will take effect today, 15th January 2020, to 14th February 2020.
All the petroleum products will be affected by the new prices which have increased by varying margins.
The prices have been determined by taking into account the weighted average cost of imported refined petroleum products.
The changes in the maximum allowed petroleum pump prices are as follows:
Super petrol will increase by 0.70 shillings, Diesel by 0.54 shillings while Kerosene will retail at 1.64 shillings more per liter.
“The prices are inclusive of 8 percent Value Added Tax (VAT) in line with provisions of the Finance Act 2018,” EPRA said in a statement released on Tuesday.
The increase in this month’s fuel prices, according to the EPRA, is as a result of the increase in the average landed cost of imported Super Petrol, Diesel and Kerosene.
The increased fuel prices were also revised as per inflation and revised rates for Railway Development Levy (RDL) and the Import Declaration Fee (IDF) which is in line with the Finance Act of the year 2019 as stated by the EPRA statement.
Motorists are known to hike fares whenever there is a minor rise in fuel prices which in turn leads to protests and chaos in the transport industry.
Currently, motorists are already struggling with poor roads as potholes have increased with areas such as the Kasarani to Mwiki motorists going on strike for a week forcing residents to walk to work.
It remains to be seen whether indeed Transport Saccos will protect the average Mwananchi from motorists who might want to extort and take advantage of passengers.