- Motorists will be forced to dig deeper into their pockets when they go to the fuel pumps, as there has been an increase in the retail prices of fuel at the pumps.
- In the period under review, the pump prices of Super Petrol and Diesel increased by Sh5.00 per litre respectively, while that of Kerosene remains unchanged.
Motorists will be forced to dig deeper into their pockets when they go to the fuel pumps, as there has been a hike in the retail prices of fuel at the pumps.
This comes with the Energy and Petroleum Regulatory Authority (EPRA) release of the maximum retail prices of petroleum products, which will be in force from Monday to April 14, 2022.
In the period under review, the pump prices of Super Petrol and Diesel increased by Sh5.00 per litre respectively, while that of Kerosene remains unchanged.
The prices are inclusive of the 8 per cent 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.
The average landed cost of imported Super Petrol increased by 13.34 per cent from US$596.79 per cubic metre in January 2022 to US$676.40 per cubic metre in February 2022; Diesel increased by 11.74per cent from US$606.16 per cubic metre to US$677.31 per cubic metre while Kerosene increased by 15.94 per cent from US$534.38 per cubic metre to US$619.57 per cubic metre.
The applicable pump prices for this cycle for Super Petrol and Diesel have been increased by Sh5.00/litre while that of kerosene has been maintained at the same level as in the immediate previous cycle.
The Free On board (FOB) price of Murban crude oil lifted in February 2022 was posted at US$ 74.36 per barrel a decrease of 9.35 per cent from US$ 82.03 per barrel in January 2022.
Over the same period, the mean monthly US Dollar to Kenya Shilling exchange rate depreciated by 0.18 per cent from Sh113.58 per US$ in January 2022 to Sh123.79 per US$ in February 2022.
The fuel price hike comes after months of Kenyans enjoying a constant price of fuel.
In the latest EPRA review made on Monday, Nairobi residents will buy Super Petrol at Sh134.72 per litre, Diesel at Sh115.60 per litre and Kerosene at Sh103.54 per litre.
Mombasa residents will still buy Super Petrol at Sh132.46 per litre, Diesel will retail at Sh113.36 while Kerosene will retail at Sh101.29
Fuel pump prices for Super Petrol will remain Sh135.13, Diesel will stand at Sh116.30 and Kerosene will also remain Sh104.26 in Kisumu.
The following is the full list of the reviewed fuel prices across Kenya: