Petrol price unchanged as diesel, kerosene drop by Sh2 in latest Epra review
The Energy and Petroleum Regulatory Authority (Epra) kept the price of a litre of petrol unchanged on Tuesday and cut that of diesel and kerosene by Sh2 each in the monthly pricing cycle that will run to December 14, 2023.
Super petrol will retail at Sh217.36 in Nairobi while diesel and kerosene will sell at Sh203.47 and Sh203.06 respectively.
This is after the government stabilised the prices of petrol, diesel and kerosene by Sh12.01, Sh19.82 and Sh3.64 per litre respectively.
“To cushion consumers from the spike in pump prices, as a consequence of the increase in the landed costs, the Government has opted to stabilize pump prices for the November- December 2023 price cycle,” said Epra Director Kiptoo Bargoria.
Without tapping the Petroleum Development Levy (PDL), Epra said consumers would have paid Sh229.37 for a litre of super petrol, Sh223.29 for a litre of diesel and Sh206.70 for a litre of kerosene.
This is the first time in three months that fuel prices have not gone up since the historic spike in September that saw fuel prices cross the Sh200 mark for the first time.
The price of fuel in the country has consistently increased in the past year, causing a ripple effect on the cost of living.
Kenyans have had to pay more for electricity, bus fare, and food among other services.
The government has explained that the increase in fuel prices is caused by the rise in prices of the commodity in the global market. Analysts have attributed the rise in petrol prices to the depreciation of the Kenyan shilling.
That said, prices of petrol in neighbouring Uganda and Tanzania remain considerably lower than in Kenya.
Also read: New ID, passport fees to take effect on January 1, 2024