Tough January For Consumers As Petrol Prices Hit A High

Petroleum products consumers in the country now have to brace themselves for higher transport cost and key food items for the next one month following a fuel price hike by the Energy and Petroleum Regulatory Authority (EPRA).

In its monthly fuel review published Thursday 14th January 2020 by the regulator, this means diesel consumers must pay Kshs. 4.57 more per litre for the next one month.

EPRA has also reviewed upwards the price of kerosene which goes up by Kshs. 3.56 per litre in Nairobi while super petrol is set to cost the consumer 17 cents more on litre from 15th January to 14th February 2021.

The regulator has attributed the increment to a weaker shilling and rise in the price of imported fuels.

The situation means that motorists will have to dig deeper into their pockets to keep engines running on the roads.

The new prices which will be in effect from Friday, January 15 at midnight until February 14, meaning motorists will have to dig deeper into their pockets this month to fuel their vehicles.

EPRA said it considered the weighted average cost of imported refined petroleum products, and that occasioned the increase in Nairobi of the maximum allowed petroleum pump prices.

In the previous pump price review, super petrol retailed at Sh106.82, Diesel at Sh91.82 and Kerosene Sh83.56 in Nairobi.

Maximum pump prices in Mombasa will be Sh104.60, Sh94.01 and Sh84.75 for Super Petrol, Diesel and Kerosene respectively.

In Nakuru, Super Petrol, Diesel and Kerosene will cost Sh106.69, Sh96.31 and Sh87.08 respectively.

In Eldoret, maximum pump prices for Super Petrol, Diesel and Kerosene were set at Sh107.62, Sh97.23 and Sh88 respectively.

And in Kisumu, the pump prices will be set at Sh107.61, Sh97.23 and Sh87.99 for Super Petrol, Diesel and Kerosene respectively.

According to EPRA, the prices are inclusive of the eight percent Value Added Tax (VAT) in line with provisions of the Finance Act.