Fuel prices up by up-to Sh33 a litre

By Peter Ochieng

The cost of basic commodities is expected to drastically go up, after the Energy and Regulatory Authority (EPRA) on Thursday night announced a massive increase in price of fuel.

According to the new review, a litre of fuel has gone up by between Sh16 and Sh33.

The price of a litre of Super Petrol has gone up by Sh16.96, Diesel Sh21.32 and Kerosene Sh33 13.

That means a litre of Super Petrol in Nairobi will now be retailing at Sh211.64, Diesel at Sh.200.99 and nd Kerosene at Sh.202.61.

In a statement to newsrooms, EPRA Director General Daniel Kiptoo said the new prices are inclusive of the 16 per cent Value Added Tax (VAT) in line with the Finance Act, 2023.

“The prices are inclusive of the 16% Value Added Tax (VAT) in line with the provisions of the Finance Act 2023, 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 average landed cost of imported Super Petrol increased by 4.80% from US$739.21 (Ksh.108,516.03) per cubic metre in July 2023 to US$774.67 (Ksh.113,721.56) per cubic metre in August 2023; Diesel increased by 12.52% from US$701.99 (Ksh.103,052.13) per cubic metre to US$789.89 (Ksh.115,955.85) per cubic metre while Kerosene increased by 19.79% from US$690.58 (Ksh.101,377.14) per cubic metre to US$827.26 (Ksh.121,441.77) per cubic metre.”

The new prices will be operational for a month, before EPRA makes another review in mid October.