Fuel prices jump on back of high importation costs

The Energy Regulatory Commission (ERC) has increased the cost of fuel in its latest review, attributing the increase to a jump in international oil prices as well as high importation costs.

The latest review will force low income earners – especially those who use kerosene the most – to dig deeper into their pockets,

According to the ERC, a litre of super petrol went up by Sh1.92, diesel by Sh3.34 and kerosene by Sh3.82.

However, the review has not included a recent increase in excise duty on kerosene.

Following the review, super petrol in Nairobi will retail at Sh 86.17, diesel at Sh73.71 while kerosene will retail at Sh50.80.

In Mombasa, super petrol will sell at Sh82.78, diesel at Sh70.36 and kerosene at Sh47.98, whereas in Nakuru, super petrol will retail at Sh86.96, diesel at Sh73.69 and kerosene at Sh51.71.

In Marsabit, a litre of super petrol will trade at Sh93.07, diesel at Sh80.62 and kerosene will sell at Sh57.70, while in Eldoret, super petrol will go for Sh88.15, diesel at Sh75.87 and kerosene at Sh52.78.

In Kisumu, motorists will buy a litre of super petrol for Sh88.21, diesel at Sh75.94 and kerosene at Sh52.77.

ERC is in consultation with the Kenya Roads Board and the Kenya Revenue Authority (KRA) in a bid to establish the implementation date on the Road Maintenance Levy proposed in the current 2016/17 budget estimates.

The move would see the commission increase taxes in the subsequent pricing of super petrol and diesel.

The costs of energy and transport have a significant weighting in the basket of goods and services used to measure inflation not only in Kenya but across the East African region.

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