After the Energy and Petroleum Regulatory Authority (EPRA) increased all fuel prices by Ksh 9 on Wednesday, consumers will continue to feel the pinch at the pump for the next month.
In Nairobi, a litre of super petrol will cost Ksh 159.12, a litre of diesel will cost Ksh 140 and a litre of kerosene will cost Ksh 127.94. Higher global crude oil prices, weak local currency and an increase in the average landing cost of imported fuels all contributed to the increase.
According to EPRA, the average landed cost of super petrol increased by 5.96 percent from $826.77 per cubic metre in April to $876.05 in May. Diesel’s average landing cost grew by 10.90 percent over the same time, reaching $997.35 per cubic metre from $899.36.
Kerosene’s average landing cost fell 0.34 percent in May, from $908.66 per cubic metre in April to $905.60 per cubic metre in May.
The local currency, on the other hand, declined by 0.99 percent versus the US dollar last month with a monthly mean rate of Ksh 116.89 compared to Ksh 115.74 in April.
According to EPRA, if the fuel subsidy had not been in place, the actual retail price of a litre of super petrol, diesel, or kerosene would have increased by Ksh 25.56, Ksh 48.19, and Ksh 42.43, respectively.
“The applicable pump prices for this cycle for super petrol, diesel and kerosene have been increased by Ksh 9 per litre from the immediate previous cycle. The government will utilize the Petroleum Development Levy (PDL) to cushion consumers from the otherwise high prices,” said the EPRA Director General, Kiptoo Bargoria.
Consumers in Nairobi would have had to pay Ksh 184.68 for a litre of super fuel, Ksh 188.19 for a litre of diesel and Ksh 170.37 for a litre of kerosene at the pump if the subsidy had not been provided.