Kenya News

Fuel prices revised upwards

The Energy and Petroleum Regulatory Authority has raised the price of petrol, diesel, and kerosene.

The regulator said on Friday that the action came about following the move by the Kenya Revenue Authority to adjust upwards the Excise Duty on Super Petrol, Diesel, and Kerosene.

It added that the action has been prompted by the average inflation rate of 4.94 per cent for the financial year 2019/2020.

As a result, the pump price for petrol in Nairobi increases by Sh1.12 while diesel and kerosene increase by Sh.0.58 per litre respectively.

The regulator added that it has recalculated the maximum wholesale and retail pump prices that will be effected on Saturday.

It has also recalculated the maximum wholesale prices of petroleum products taking into account the revised Excise Duty rates.

Earlier, EPRA had said that Super petrol has increased by Sh1.48 while diesel and kerosene decreased by Sh0.12 and Sh0.50 per litre respectively in the latest changes by the Energy and Petroleum Regulatory Authority.

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