Fuel prices in Kenya have hit a historic high, passing the KES 200 mark for the first time, according to a new pricing announcement from the Energy and Petroleum Regulatory Authority (EPRA).
EPRA said Thursday it has calculated a KES 16.96 increase per liter for super petrol, KES 21.32 increase per liter for diesel, and KES 33.13 increase per liter for kerosene. The authority cited increases in the weighted average cost of imported refined petroleum products driven by global supply concerns.
In Nairobi, Super Petrol will increase to KES 211.64 per liter, Diesel to KES 200.9 per liter, and Kerosene to KES 202.61 per liter.
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The significant price hikes are expected to have widespread impacts on Kenyan households already struggling with increased taxes and a difficult economic climate due to unemployment and poverty.
“The average landed cost of imported Super Petrol increased by 4.80% from US$739.21 per cubic meter in July 2023 to US$774.67 per cubic meter in August 2023; Diesel increased by 12.52% and Kerosene increased by 19.79%,” the authority said in a statement.
The new maximum fuel prices take effect September 15 and will remain in place until October 14. The increases come amid high global oil prices and regional geopolitical factors impacting supply.
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