Diesel prices rise in latest cost review

Jan, 15th 2021 – The Energy and Petroleum Regulatory Authority (EPRA) has calculated the maximum retail prices of petroleum products. Users of diesel are to expect an increase in costs at the pump as the price of the commodity goes up by sh4.57.

All the three fuel products marked an increase in pricing which will be effective from the 15th of January 2021.

Kerosene prices are set to rise by sh3.56 per litre while super petrol has only gone up by 17 cents

According to EPRA, The changes in the prices is as a result of increased landed cost of the imported petroleum commodities This is a rise on the Free On Board (FOB) price of Murban crude oil lifted in December 2020 and the drop in value of the Shilling against the dollar.

For instance, the landed cost for diesel increased by 13.1 percent between November and December. This is above the cost for kerosene at 9.3 percent and super petrol at 1.5 percent.

In Nairobi, a litre is expected to cost sh96.40, Kerosene at sh87.12 and super petrol at sh106.99.

The overall rise in fuel costs is expected to exert pressure on users spending ability.

However, International fuel prices are expected to go down as the Covid-19 pandemic re-emerges.

EPRA released a statement on the same on their Twitter page.

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