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Fuel prices hit an all time high in the latest review by EPRA

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Motorists will have to dig deeper in their pockets following the monthly review of fuel prices by the Energy Petroleum Regulatory Authority (EPRA) that will take effect from Friday April 15.

In the price review, the costs of petrol, diesel, and kerosene increase by Sh9.9 increasing the pressure occasioned by the shortcomings of the commodity.

In Nairobi, a litre of petrol will retail at Sh144.62 a litre up from Sh134.72, diesel at Sh125.5 up from Sh115.6 while kerosene has also shot up to Sh113.55 per litre.

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According to EPRA, the government has offered a subsidy of Ksh29.08 for a litre of super petrol, Ksh40.24 for a litre of diesel and Ksh26.45 for a litre of Kerosene.

Without the subsidy, the products would have retailed at Ksh173.70, Ksh165.74 and Ksh139.89 for super, diesel and Kerosene respectively occasioned by the global jump in costs of barrel prices in the international market.

The review comes barely days after President Uhuru Kenyatta signed a complimentary budget that saw the sector receive a subsidy of KSh 34.4 billion, stabilizing fuel prices.

There has been fuel shortage in the country that has persisted for the last three weeks currently being experienced by long ques witnessed in most petrol stations.

 

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