The Energy and Petroleum Regulatory Authority announced a new upward fuel price starting from September 14 all through to October 14.
According to the statement released, super petrol now goes for Ksh 179.30 with an increase of Ksh 20, Diesel increased by Ksh 25 to Ksh 165 and Kerosene Increased by Ksh 20 to Ksh 147.94 in Nairobi
“Taking into account the weighted average cost of imported refined petroleum products and in line with government policy to progressively remove subsidy on petroleum fuels, the changes in the maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol, Diesel and Kerosene increase by Ksh 20.18 per liter, Ksh 25 per liter and Ksh 20 per liter respectively,” read the statement in part.
The new fuel prices are inclusive of an 8% value-added tax.
“The average landed cost of imported Super petrol decreased by 24.31% from $1,074.1 per cubic meter in July 2022 to $842.91 per cubic meter in August 2022; Diesel decreased by 13.9% from $1,103.03 per cubic meter to $949.68 per cubic meter while kerosene decreased by 19.07% from $1,111.53 per cubic meter to $899.56 per cubic meter,” EPRA explained.
President Ruto during his inaugural speech gave statistics of the amount of money spent to maintain the fuel subsidy program.
Also read: Fuel Shortage in Nairobi Amid Fears of Price Review
The taxpayers had spent a total of Ksh 144 billion to sustain the program, and it would further increase to Ksh 280 billion by the end of the year if the program continued
“If the subsidy continues to the end of the financial year, it will cost taxpayers Ksh280 billion, equivalent to the entire national government development budget,” Ruto said.
The Kenya Transporters association however had asked the head of state to retain the subsidy program, as an increase in fuel prices would lead to an increase in other goods and services.
“Any Increase in fuel costs, directly and indirectly, results in an increase in prices of essential goods consumed and services rendered for the common hustler. We kindly request the new administration to continue cushioning the citizens by continuing to subsidize fuel even in the face of government revenue deficit,” KTA stated.
The fuel prices in other cities and towns for Petrol, Diesel, and Kerosene are as follows, respectively; Mombasa Ksh 176.98, Ksh 162.76, Ksh 145.69, Nakuru Ksh 178.62, Ksh164,83 and 147.79, and Eldoret retailing at Ksh 179.50, Ksh 165.72, and Ksh 148.67.
Some areas, Kericho, Kisii, Nyamira, Homa Bay, Migori, Busia, Kimilili, Lamu, Laisamis, Meru, Mtito Andei, Elwak and Mandera, will purchase fuel at a new record high of between Ksh 180 and Ksh 192.