Kenyans will have to dig deeper into their pockets for the next 30 days after fuel and kerosene prices rose in the latest the Energy and Petroleum Regulatory Authority (EPRA) review announced on Tuesday. In the latest review, Kerosene price went up by Sh1.64 per litre while Petrol and Diesel prices rise by Sh0.70 and Sh0.54 respectively. In Nairobi, a litre of Super petrol, Diesel and Kerosene will now retail at Sh110.20, Sh102.32 and Sh103.95 respectively. SEE ALSO :Dirty fuels kill millions as investment in clean cooking runs short In Mombasa a litre of petrol will retail at Sh108.15, diesel Sh100.27 and kerosene at Sh101.91. ''The changes in this month’s prices are a consequence of the average landed cost of imported Super Petrol increasing by 2.21 per cent from $460.83 per cubic metre in November 2019 to $471.01 per cubic metre in December 2019,'' EPRA said in a statement. According to EPRA, diesel increased by 1.73 per cent from $485.29 per cubic metre to $493.68 per cubic metre while Kerosene rose by 5.75 per cent from $481.11 per cubic metre to $508.77 per cubic metre. For More of This and Other Stories, Grab Your Copy of the Standard Newspaper. Subscribe Now » The new prices will take effect from tonight at midnight until February 14. With the recent US-Iran hostilities, fuel prices could even rise higher next month. SEE ALSO :This is what you pay to the State whenever you fuel Last month, the energy regulator had reduced prices of Super petrol, Diesel and Kerosene by Sh1.09, Sh2.83 and Sh1.75 per litre respectively.
Business News in Kenya

Kenyans should expect higher fuel prices next month: CS Munyes

March 31, 2021
newszetu

Kenyans should expect higher fuel prices in the coming month, Mining and Petroleum CS John Munyes has said.

According to him, there is very little that the ministry can do.

“Kenya charges the highest taxes on fuel regionally. Taxes and levies are the biggest contributors to the prices. As global oil prices escalate we expect the prices in Kenya to increase,” he told the Senate Energy committee on Wednesday.

Narok Senator Ledama Ole Kina, a member of the committee, however blamed the Senate for the high taxes.

“As a Senate we have failed to regulate the taxes being charged, the Kenyan population cannot be burdened with this,” he said.

However Munyes responded saying the ministry and the Energy and Petroleum Regulatory Authority (EPRA) are however working on draft regulations to operationalise the Petroleum Consolidated Fund as provided for in the Petroleum Act to provide for a stable price regime.

As of March 2021, taxes and levies were the biggest contributor to the pump prices of super petrol and the second greatest contributor to the price of Diesel and Kerosene.

Excise Duty Tax, Road Maintenance Levy and VAT account for the highest tax costs on fuel.

Kenya charges the highest taxes and levies on super petrol, diesel and kerosene compared to other regional countries such as Uganda and Tanzania.

On March 14, the Orange Democratic Movement (ODM) criticised EPRA over the latest increase in fuel prices accusing the agency of insensitivity.

According to the party’s Secretary General Edwin Sifuna, the announcement on increased fuel prices poses a danger to the President’s Big Four Agenda items.

“Silence on our part at this time will amount to complicity, and we therefore unequivocally state that we are opposed to this increase in the price of fuel. We demand that this decree is rescinded before it becomes effective,” Sifuna said in a statement.

Sifuna insisted that there is no moral ground on which to levy more taxes on Kenyans. “In African culture, you do not milk a dead cow!” he said.

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