Home Business KENYA: Tough Times Ahead As Pump Prices shoot by over Shs.7 For Petrol & Diesel And Shs.12.97 For Kerosene
Business - Editor's Picks - Local News - September 14, 2021

KENYA: Tough Times Ahead As Pump Prices shoot by over Shs.7 For Petrol & Diesel And Shs.12.97 For Kerosene

Kenyans should now brace themselves for higher transport costs and prices for key food items for the next one month following the fuel hike by the Energy and Petroleum Regulatory Authority (EPRA).

In the new pump prices released by the authority, the price of Super Petrol, Diesel and Kerosene increased by Shs. 7.58, Shs.7.34 and Shs.12.97 per litre respectively.

The changes were set to take effect from Tuesday, Sept 14,2021, midnight.

In Nairobi Super Petrol will now retail at Shs.134.72 per litre, Diesel will cost Shs.115.60 while Kerosene will retail at Shs.110.82.

Fuel will be cheapest in Mombasa where a litre of super petrol, diesel and Kerosene will cost Kshs. 132.46, Kshs. 113.36 and Kshs. 108.57 respectively.

In Kisumu, a litre of super petrol will cost you 135.13, diesel Kshs. 116.30 and kerosene Kshs. 11.54.

The petroleum regulator attributes the increment to weaker shilling and the rise in the price of imported fuels, and 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.

According to EPRA, the local currency depreciated by 1.11% against the US dollar, from Kshs. 108.26 in July to Kshs. 109.46 in August which made the imports more expensive.

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