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ENERGY AND PETROLEUM REGULATORY AUTHORITY (EPRA) ANNOUNCES HIGHER FUEL PRICES.

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EPRA director general Pavel Oimeke assented higher fuel prices over the next 30 days. In the statement he signed, Fuel prises are expected to shoot as follows :

In Nairobi, super petrol will now go for Ks. 110.59 which is a rise by Ksh.2.54 from the privious as Diesel rise up by Ksh.2.65 to be sold at Ksh.104.61 . Kerosene willl now go at Ksh.104.06 up by Ksh 2.98.

In Kisumu , Super Petrol will now go at Ksh.110.98 up by sh.1.42. Diesel Ksh.105.20 up by sh.1.54. Kerosene Ksh.104.67 up by Ksh. 1.89.

In Mombasa, super petrol will go at Ksh.108.53 up by Ksh.3.09, Diesel sh.102.56 up by Ksh.3.21 and kerosene 102.02 up by Ksh.3.65

The price increase which takes effect on Thursday midnight and remains in force until December 14 is attributed to higher landing costs of fuel.

According to EPRA, the landing cost of super petrol rose by 0.86 percent to Sh4,632 per cubic metre last month from Sh4,593 per cubic metre in September, while diesel experienced a 2.08 percent increase from Sh4,919 per cubic metre to Sh4,999 per cubic metre. Kerosene also experienced a 2.73 percent increase from Sh4,866 to Sh4999 .

This also follows a rise in exchange rate by 0.23 percent , a rise from Sh103.79 to Sh103.55 percent from last October.

The prices are inclusive of an eight percent Value Added Tax(VAT) while the computation has factored the revised Import Declaration Fee of 3.5 percent and the Railway Development Lev of two percent. The revised pipeline tariffs has resulted in a Sh0.50 per litre saving in the overall price as noted in the statement

Kevin Spahlet

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