- The new fuel prices to take effect from October 15 to November 14.
- The new adjustment set the fuel prices to a record high
- The Petroleum Development Levy (PDL) has also been factored in the review
The Energy and Petroleum Regulatory Authority (EPRA) has released fuel prices that will take effect from October 15 to November 14.
In the previous review, Super Petrol was increased by Ksh5, from Ksh211.64 to Ksh217.36.
Diesel, on the other hand, was increased to Ksh205.47 from Ksh200.99, while Kerosene was increased to Ksh203.06 from the current Ksh202.61 per litre.
“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, Diesel & Kerosene increases by Ksh5.72, Ksh4.48 & Ksh2.45 per litre respectively.” Reads circulation
“In Nairobi, Super Petrol, Diesel and Kerosene will now retail at Ksh217.36, Ksh205.47 & Ksh205.06 effective midnight for the next 30 days,” read the statement in part.
The authority explained that the increase was occasioned by the increase of landed costs.
The Petroleum Development Levy (PDL) has also been factored into October price calculations.
According to EPRA, Super Petrol was to increase Ksh8 should have the prices not be subsidized.