By Orenge Wycliff
- EPRA announced that effective 15th September 2023 to 14th October 2023, the Fuel prices will increase by;
- Petrol Ksh.16.96, Diesel Ksh.21.32 and Kerosene Ksh. 33.13.
- Last month the prices remained unchanged following the subsidy that was imposed
- This will go down in history as the highest price of retailing fuel in Kenya So Far.
Kenyans have woken up to a shock as EPRA announced a sharp increase in the prices of the petroleum products. As usual, the Kenyans normally await the adjustment of fuel prices at the middle of every month downwards or upwards by a shilling or so.
This time round in the period of announcement, EPRA has hit the Kenyans with blunt object by increasing the prices by; Petrol Ksh.16.96, Diesel Ksh.21.32 and Kerosene Ksh. 33.13.
While announcing the increase in fuel prices EPRA said;
“Taking into account the weighted average cost of imported refined petroleum products, the changes in the maximum allowed petroleum pump prices in Nairobi are as follows, super petrol: He increases by Kenyan shillings 16.96, Diesel Increases by Kenyan shillings 21.3 2 per litre And kerosene increases by Kenyan Shillings 33.13.”
This adjustment therefore means that the petroleum products will be retailed at the following prices in the Major Cities of Kenya;
Mombasa: In Mobasa, the fuel products will be retailed at; Petrol Ksh 208.55, Diesel Ksh.197.93 and Kerosene Ksh.199.54.
Nairobi: In Nairobi, the fuel products will be retailed at; Petrol Ksh 211.64, Diesel Ksh. 200.99 and Kerosene Ksh. 202.61.
Nakuru: In Nakuru, the fuel products will be retailed at; Petrol Ksh 210.63, Diesel Ksh. 201.17 and Kerosene Ksh. 202.77.
Kisumu: In Kisumu, the fuel products will be retailed at; Petrol Ksh 211.40, Diesel Ksh.201.16 and Kerosene Ksh.202.77.
Eldoret: In Eldoret, the fuel products will be retailed at; Petrol Ksh 211.40, Diesel Ksh.201.17 and Kerosene Ksh.202.77.
From the new announced prices, the price of Kerosene has surpassed the price of Diesel by Ksh. 1 making it the second most expensive product after Petrol.
It is projected that the fuel prices will increase further in the coming cycle which will have a cost implication on various sectors of the economy such as transportation and the Market value of goods.
As always, it is understood that the price of other products in the economy will always depend on the cost of fuel as its increase results to the increment in transportation costs.
Nevertheless, Kenyans will have to remain hopeful that quick solutions to the ever rising fuel prices will be found. Otherwise prepare for tough times ahead.
Upon learning of the news, some Kenyans have already had their say on the increased fuel prices and have warned that tough times are coming as the president plans another round of taxes.
“Brace yourself for tougher times as President William Ruto’s administration plans yet another round of additional taxes, targeting farmers, landlords, car owners, small traders and even schools with swimming pools,” one said.
Another added that the president is tricky to an extent that he times his trips out of the country and returns when things have cooled down;
“No wonder he timed his tour to the US. By the time he gets back, “the noises would have cooled,”
This ultimately shows how shocked the Kenyans are over the recent increase in fuel prices and therefore calls for the nation’s administrations to act swiftly and cushion efforts of living worry-free. Otherwise, expect another round of demonstrations from the sectors that are directly affected by this sharp increase.
To have a full view of the adjustments, you can see the EPRA press release below.