Pain at the pump: Fuel consumers hit hard in latest price increments
Consumers will have to pay more for different fuel products following huge adjustments across Kerosene, Diesel, and Super Petrol.
The Energy and Petroleum Regulatory Authority (EPRA) Sunday increased the prices of Super Petrol, Diesel, and Kerosene by Ksh7.63, Ksh5.75 and Ksh5.41 per litre respectively. Changes take effect midnight.
According to EPRA, the changes in this month’s prices are a consequence of the average landed cost of imported refined petroleum products.
Super petrol increasing by 14.97% from US$391.24 per cubic metre in January 2021 to US$ 449.82 per cubic metre in February 2021.
During the same period Diesel increased by 12.29 per cent from US$377.55per cubic metre to US$423.95 per cubic metre.
Kerosene increased by 13.26 from US$347.19 per cubic metre to US393.23 per cubic metre.
Following the adjustment, Super Petrol will retail at Ksh122.81, diesel at Ksh107.52, and Kerosene at KSh97.85 per litre in Nairobi from today midnight.
The prices are inclusive of the 8% Value Added Tax (VAT) in line with the provisions of the Finance Act 2018, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020
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