It’s a RISE!! New FUEL Prices broken down

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The Energy Regulatory Commission (ERC) has announced the increase of fuel prices that will take effect from the Thursday to December 14th.

The price of petrol, diesel and kerosene increased by sh2.38, sh3.11 and sh2.99 per litre respectively.

Motorists in Nairobi will now pay Sh118.11 for a litre of super petrol and Sh112.83 for diesel, hitting pockets hard at a time when the cost of living is already going up due to a raft of tax changes enacted in September.

The cost of kerosene will be Sh111.83 per litre.

According to a statement by the ERC Director General of ERC Robert Oimeke, the changes in the prices have been as a consequence of an increase in the average landed cost of imported petrol, diesel and kerosene.

“In accordance with Legal Notice No.196 of 2010, the Energy (Petroleum Pricing) Regulations and the amendment thereof, ERC has calculated the maximum retail pump prices of petroleum products, which will be in force from 15th November to 14th December 2018,” said Mr Oimeke.

He added: “Changes in this month’s prices have been as a consequence of the average landed cost of imported Super Petrol increasing by 4.02% from US$ 729.04 per ton in September 2018 to US$ 758.34 per ton in October 2018.”

This comes a month after the fuel prices went down following president Uhuru Kenyatta directive to revise the VAT on petroleum products from 16 percent to 8 percent.

Kenya will dig deeper into their pockets as a result of an increase in fuel prices announced by the Energy Regulatory Commission (ERC).

In its latest review, ERC on Wednesday announced that super petrol, diesel and kerosene prices had gone up by Ksh2.38, Ksh3.11 and Ksh2.99 respectively.

“In accordance with Legal Notice No.196 of 2010, the Energy (Petroleum Pricing) Regulations and the amendment thereof, ERC has calculated the maximum retail pump prices of petroleum products, which will be in force from 15th November to 14th December 2018,” stated commission’s Director General Pavel Oimeke.

The commission attributed the changes to increased fuel imports costs that have affected the global market since Septemeber this year.

“Changes in this month’s prices have been as a consequence of the average landed cost of imported Super Petrol increasing by 4.02 per cent from US$ 729.04 per ton in September 2018 to US$ 758.34 per ton in October 2018,” stated the ERC in its announcement.

In Nairobi, a litre of super petrol at the pump will trade at Ksh118.11 while diesel shall be retailing at Ksh112.35. Diesel and petrol will be sold in Mombasa at Ksh110.21 and Ksh115.45 respectively per litre.

Motorists in Kisumu and Eldoret will pay Ksh119.56 and Ksh119.57 respectively for each litre of super petrol while in Nakuru, the commodity shall be going for Ksh118.57 per litre.

The price of a litre of diesel in Kisumu and Nakuru will be the same, retailing at Ksh114.50 and Ksh114.51 in Nakuru.

Wajir and Mandera will pay the highest for petrol; Ksh125.79 and Ksh130.97 per litre of petrol.

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