- Kenyans will be forced to dig deeper into their pockets when they go to the fuel pumps, as there has been a Sh5.50 hike in the retail prices of fuel at the pumps.
- The fuel price hike comes after a previous hike and a fuel shortage that saw Kenyans suffer long queues in search of fuel.
Kenyans will be forced to dig deeper into their pockets when they go to the fuel pumps, as there has been a Sh5.50 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 Sunday to June 14, 2022.
In the period under review, the pump prices of Super Petrol, Diesel and Kerosene increased by Kshs 5.50 per litre respectively.
The prices are inclusive of the 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 1.46 per cent from US$814.85 per cubic metre in March 2022 to US$826.77 per cubic metre in April 2022; Diesel increased by 6.49 per cent from US$844.57 per cubic metre to US$899.36 per cubic metre while Kerosene increased by 31.13 per cent from US$692.95 per cubic metre to US$908.66per cubic metre.
The applicable pump prices for this cycle for Super Petrol, Diesel and Kerosene have been increased by Kshs. 5.50 per litre from the immediate previous cycle.
The Free On Board (FOB) price of Murban crude oil lifted in April 2022 was posted at US$ 93.99 per barrel an increase of 10.43 per cent from US$ 85.11 per barrel in March 2022.
Over the same period, the mean monthly US Dollar to Kenya Shilling exchange rate depreciated by 0.99 per cent from Sh114.60 per US$ in March 2022 to Sh115.74 per US$ in April 2022.
The fuel price hike comes after a previous hike and a fuel shortage that saw Kenyans suffer long queues in search of fuel.
In the latest EPRA review made on Saturday, Nairobi residents will buy Super Petrol at Sh150.12 per litre, Diesel at Sh131.00 per litre and Kerosene at Sh118.92 per litre.
Mombasa residents will still buy Super Petrol at Sh147.86 per litre, Diesel will retail at Sh128.76 while Kerosene will retail at Sh116.89.
Fuel pump prices for Super Petrol will remain Sh150.53, Diesel will stand at Sh131.70 and Kerosene will also remain Sh120.66 in Kisumu.
The following is the full list of the reviewed fuel prices across Kenya: