Kenyans to Spend More as Pump Prices Increase

Motorists will have to dig deeper to fuel their vehicles following this month’s review by the Energy and Petroleum Regulatory Authority (EPRA).

On Friday, the energy regulator announced a rise in the price of a litre of super petrol by Sh3.07 and Sh0.39 for a litre of diesel.

However, the price of kerosene has been reduced by Sh0.34 per litre.

“The changes in this months’ prices have been as a consequence of the average landed cost of imported Super petrol increasing by 4.54 percent from $514.72 per cubic meter in April 2019 to $535.08 in May 2019, Diesel increasing by 0.52 from $533 per cubic meter to $535.84 per cubic meter and Kerosene decreasing by 0.43 percent from $535.17 per cubic meter to $532.89 per cubic meter,” said the Director-General Robert Oimeke.

The EPRA takes several factors into account when reviewing fuel prices including the mean monthly exchange rate of the dollar to the shilling, Free On Board (FOB) price of Murban crude oil lifted, and the average landing cost of imported oil.