In Nairobi, Super Petrol, Diesel and Kerosene were cut by Ksh1 to retail at Ksh177.30, Ksh162 and Ksh145.94, respectively.
Prices, hitherto, were: a litre of Super petrol – KSh178; Diesel – KSh163; and Kerosene – Ksh146. Consequently, the new prices would take effect from midnight on November 14 and run for one month.
An aerial photo showing motorists lining up for fuel at a fuel station in Kileleshwa on Saturday, April 2, 2022.
Diesel price was cross-subsidized with Super Petrol’s, while Kerosene was maintained with a subsidy of Ksh17.68 a litre to cushion consumers from the otherwise high prices.
“Taking into consideration the weighted average cost of imported refined petroleum products, and in conformity with government policy, the changes in Maximum Allowed Petroleum Pump Prices in Nairobi are as follows: Super Petrol, Diesel and Kerosene decrease by Ksh1 per litre,” read part of the notice.
In Mombasa, the pump prices of petrol, diesel and Kerosene retail at Ksh 174.98, Ksh 159.76 and Ksh 143.69, respectively.
In Nakuru, the petrol prices will now retail at Ksh176.62, Diesel at Ksh161.83, and Kerosene will go for Ksh145.79.
In Eldoret, the prices of petrol, diesel, and Kerosene retailed at Ksh177.50, Ksh162.72 and Ksh146.67, accordingly.
This is after EPRA approved new tariffs for oil marketers evacuating fuel from the Kenya Pipeline Company depot in Nairobi.
The oil marketers charged Ksh2,526.6 per cubic metre, up from Ksh2,074.5. Financial experts had argued that the new tariffs would impact prices in the next three years.
“The Energy and Petroleum Regulatory Authority has considered and approved the applicable Kenya Pipeline Company’s multi-year pipeline transport tariff for the tariff control period 2022/2023-2024/2025,” EPRA Director General Daniel Kiptoo said.
Kiptoo added that the extra levies would be put into developing the structures at KPC.
He added that “the effective date of the above set of tariffs is October 15, 2022, and subsequent adjustments for the next tariff control period will be July 15 of every year.”. Pressure has mounted from the public for President William Ruto’s administration to implement his promises during the campaign period and cushion them from the increased cost of living. They poked holes in the campaign narrative of Ruto, who criticized the previous regime for the high cost of fuel prices and, at the same time, promised to cushion Kenyans from the ravaging effects.
By Newsmedia