Marginal increase in petrol prices
Motorists are set to pay more for petrol following a slight increase in prices effective by Sh0.77 per litre.
Via a statement on Monday, the Energy and Petroleum Regulatory Authority (EPRA) noted the prices of Diesel and Kerosene will remain unchanged.
Following the announcement, Super Petrol will retail at Sh127.14, Diesel at Sh107.66, and Kerosene at Sh97.85 per litre in Nairobi.
Factors considered in the computation of retail prices, according to EPRA, include the eight percent Valued Added Tax (VAT) as well as revised rates of excise duty adjusted for the increase in prices of goods and services.
According to the authority, the average landed cost of importing a cubic metre of Super Petrol increased by 1.52% from $488.69 in April 2021 to $496.10 in May 2021.
Diesel’s landed costs increased by 5.08% from $439.60 per cubic metre to $461.95 while Kerosene increased by 4.41% from $430.40 per cubic meter to $449.37.
“Over the same period, the mean monthly US Dollar to Kenya Shillings exchange rate appreciated by 0.21 percent from Sh107.84 per dollar in April 2021 to Sh107.61 per dollar in May 2021,” read part of the statement from EPRA.
In Mombasa, Petrol, Diesel, and Kerosene will retail at Sh124.72, Sh105.27, and Sh95.46 per litre, respectively.
While in Kisumu, Petrol, Diesel, and Kerosene will retail at Sh127.67, Sh108.46, and Sh98.68, respectively.