Fuel Prices Marginally Up in January Review on High Import Bill

Oil marketer and distributor, TotalEnergies Kenya has reported a 50% improvement in the half-year profit for the period that ended on 30th June 2021.

Total Kenya retail station in Nairobi. PHOTO | Khusoko

The Energy and Petroleum Regulatory Authority (EPRA) on Tuesday said fuel prices will effective Wednesday increase in latest review.

EPRA said petrol,  diesel and kerosene prices up by KSh0.70, KSh0.54 and KSh1.64 respectively.

Following the increment, a litre of Petrol in Nairobi will cost KSh110.85, diesel KSh102.32 while Kerosene will retail at KSh103.95. 

In Mombasa, motorists will pay KSh108.15 for a litre of petrol, KSh100.27 for diesel while Kerosene will cost KSh101.95. 

In Nakuru, it will be KSh109.80, KSh102.12 and KSh103.76 respectively.

In Eldoret, Petrol has been priced at KSh110.60 per litre, diesel at KSh102.92 per litre with Kerosene going for KSh104.57.

In Kisumu, petrol will retail at KSh110.60, diesel KSh102.92 while kerosene will retail at KSh104.56

“The changes in this month’s prices are a consequence of the average landed cost of imported Super Petrol increasing by 2.21% from US$ 460.83 per cubic metre in November 2019 to US$ 471.01 per cubic metre in December 2019,” said EPRA in a statement.

During period, diesel increased by 1.73% from US$ 485.29 per cubic metre to US$ 493.68 per cubic metre and Kerosene increased by 5.75% from US$ 481.11 per cubic metre to US$ 508.77 per cubic metre.

The pump prices are inclusive of 8% Value Added Tax (VAT) in line with the provisions of the Finance Act 2018, the revised rates for excise duty adjusted for inflation as per Legal Notice No. 109 of 9th July 2019 and the revised rates for Railway Development Levy (RDL).

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