The Energy and Petroleum Regulatory Authority (EPRA) has announced an increase in fuel prices by Ksh9 starting June 15, 2022 to July 14, 2022.
During the period, super petrol, diesel and krosene will retail at Ksh159.12, Ksh140 and Ksh127.94 per litre respectively in Nairobi starting midnight.
EPRA says that the government will utilise the Petroleum Development Levy (PDL) to cushion consumers from the otherwise high prices.
According to EPRA, the actual calculated pump prices would have been Ksh184.68 for super petrol, Ksh188.19 for diesel and Ksh170.37 for kerosene.
The average landed cost of imported Super Petrol increased by 5.96 percent from US$826.77 per cubic metre in April 2022 to US$876.05 per cubic metre in May 2022 while diesel increased by 10.90 percent from US$899.36 per cubic metre to US$997.35 per cubic metre. Kerosene decreased by 0.34 percent from US$908.66 per cubic metre to US$905.60 per cubic metre.
The Free On board (FOB) price of Murban crude oil lifted in May 2022 was posted at US$ 112.48 per barrel an increase of 19.67 percent from US$ 93.99 per barrel in April 2022.
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