Fuel prices will witness a surge in February until mid-March signalling tough times ahead for Kenyan consumers.
On Sunday, the Energy and Petroleum Regulatory Authority (EPRA) said Super petrol will retail at KSh115.18 in Nairobi following an increase by KSh8.19. Diesel and Kerosene too went up by KSh5.51 and KSh5.32 to retail at KSh101.91 and KSh92.44 per litre respectively.
The authority said the price changes which are inclusive of the 8 per cent Value Added Tax had taken into account the weighted average cost of imported refined petroleum products.
“Over the same period, the mean monthly US Dollar to Kenya Shillings exchange rate appreciated by 0.57 per cent from KSh110.52 per dollar in December 2020 to KSh109.89 per dollar in January.”