More Pain For Kenyans As Fuel Prices Rise By 9.90 Shillings Per Liter

According to the latest maximum pump prices review by the Energy and Petroleum Regulatory Authority (EPRA), the price of Super petrol, diesel, and kerosene is set to rise by 9.90 shillings per liter.

This has pushed the prices for Super petrol to 144.62 shillings per liter while that of diesel and kerosene to 125.50 and 113.44 shillings respectively per liter in Nairobi.

The rise in fuel prices has been attributed to the increased landed costs of petrol, diesel, and kerosene by 20.5 percent, 24.7 percent, and 11.8 percent respectively.

The energy regulator, however, said that the cost is still low as compared to what the consumer would have paid without the subsidy.

The cost of petrol would stand at 173.70 shillings per liter, while that of diesel and kerosene would have increased by 40.24 shillings and 46.55 shillings respectively without the subsidy.

Epra has assured the country that the normal oil supply will be restored in the next 72 hours, accusing the oil marketers of hoarding fuel on the speculations the prices would be increased in the review.

Terming the act as economic sabotage, the Ag, Cabinet Secretary for Petroleum and Mining, Monica Juma announced that the Government of Kenya has undertaken various precautionary measures to ensure the country’s fuel situation is back to normalcy.

Some of the measures include filling the requisite complaints with the sector regulator, competition authority, and the state security agencies led by the Directorate of Criminal Investigations (DCI) for all Oil Marketing Companies that have contravened the law by engaging in acts of economic sabotage and vacating the moratorium on Transport of Fuel from Nairobi depot by fuel tankers.