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Tough economic times ahead as fuel prices rise yet again

Kenyan households are in for more challenging economic times ahead after fuel prices were adjusted upwards by the energy body.

According to the new regulations, super petrol would rise by sh 7.63 per litre, while diesel would increase by sh 5.75 per litre. Kerosene, the household fuel commodity, meanwhile, had been raised by sh 5.41 per litre.

The fuel prices would be effective from today midnight.

Increase in average landing cost

The Energy and Petroleum Regulatory Authority (EPRA) made the adjustments upwards on Sunday, saying they had been affected by an increase in average landing costs.

“The charges in the prices this month are as a consequence of the average landed cost of imported super petrol increasing by 14.97 per cent, from $391.24 per cubic metre in January to $449.82 per cubic metre in February 2021,” said EPRA’s acting Director-General, Daniel Kiptoo in a statement.

The statement also stated that diesel increased by 12.29 per cent from $377.35 per cubic metre to $423.95 per cubic metre. Kerosene, meanwhile, increased by 13.26 % from $ 347.19 per cubic metre to $ 393.23 per cubic metre.

Lowest to highest cost in counties

Thus, following the rise in fuel, a litre of petrol in Nairobi would cost sh 122.81 from sh 115.18. Diesel would cost sh 107.66 per litre, up from 101.91. Kerosene would cost Nairobi households sh 97.85 per litre, up from 92.44.

Mombasa residents, meanwhile, would pay the least in the new prices. A litre of super petrol would cost sh 120 from sh112.78, while a litre of diesel sh 105.27 from sh 99.52. Kerosene, on the other hand, would cost sh 95.46 per litre from sh 90.05.

Mandera residents, meanwhile, would pay the most in Kenya. A litre of super petrol in the county would cost sh 135.85, up from sh128.22. Diesel would set them back sh 120.70 from sh 114.95. Kerosene, meanwhile, would cost sh 110.88 per litre, up from sh 105.47.

EPRA provides monthly reviews of energy prices, with the previous update having come on February 15. Fuel prices also rose at that time. Kenya increased taxation this year, which has also led to the rise in fuel prices.

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