The price of Super Petrol and Diesel was increased by 7.63 and 5.75 shillings per liter respectively. The price of Kerosene was increased by 5.41 shillings per liter.
Kenya is a man-eat-man society. The government of Kenya seems determined to continue milking a dead cow through hefty taxes and an increase in prices in basic commodities and fuel. Kenyans have tough days ahead and no cry will save them.
On Sunday, the Energy Petroleum and Regulatory Authority (EPRA) shocked Kenyans when it increased the price of Diesel, Kerosene, and Super Petrol to the highest price per liter in so many years. Kenyans are currently wailing about it.
The price of Super Petrol and Diesel was increased by 7.63 and 5.75 shillings per liter respectively. The price of Kerosene was increased by 5.41 shillings per liter. When the prices were increased last month, Kenyans called on EPRA to reconsider, and indeed did by increasing the prices.
For those in Nairobi, a liter of Super Petrol will go for 122.81 shillings. Those consuming Diesel will have to part with 107.66 shillings while Kerosene users will part with 97.85 shillings.
Those in Mombasa the price for petrol, diesel, and kerosene has been adjusted to 120.41, 105.27, and 95.46 shillings respectively. Kisumu motorists will pay 123.36, 108.46, and 98.68 shillings for Petrol, Diesel, and Kerosene respectively.
According to EPRA, diesel increased by 12.29 percent from US dollar 377.55 per cubic metre to US dollar 423.95 per cubic metre and Kerosene increased by 13.26 percent from US dollar 347.19 per cubic metre to US dollar 393.23 per cubic meter.
When fuel prices are increased, so many things down the value chain are affected. The cost of production for manufactures is going to increase. This will lead to an increase in the price of basic commodities such as maize flour and milk.
The cost of transport is also likely to increase. Most cars in Kenya use Diesel and the increase in fuel prices is an automatic increase in transport costs as owners seek to fill the hole realized from the fuel costs.