By Winnie Kamau
Nairobi, Kenya:The Energy Petroleum Regulatory Authority(EPRA) has revised fuel prices upwards by KSh 9.90 per litre at the pump.
The new prices take effect from midnight of 14th April 2022 to 15th May 2022.
In its monthly review, EPRA has set the price of a litre of petrol in Nairobi at KSh 144.62 from KSh 134.72, while diesel will cost KSh 125.50 from KSh 115.60. Kerosene will retail at an increased price of KSh 113.55 per litre.
EPRA says it has asked ten oil marketing companies to show cause why their licenses should not be revoked for reportedly hoarding fuel supplies in the country.
Kenya is currently experiencing severe shortages of fuel at the pump stations with allegations rife that the oil marketing companies that have diverted their supplies to neighbouring countries, seeking for better returns.
Acting Cabinet secreatry for Petroleum and Mining Dr. Monica Juma issued a stern warning to Oil Marketers hoarding oil and directed the National Police service to ensure there’s police surveillance in all fuel stations in the country.
“The Government will continue with the fuel stabilization so as to ensure that Kenya remains far the cheapest country in East Africa and within Sub-saharan Africa. As of today 49billion has been disbursed to OMCs under the petroleum pump price stabilization” said Dr. Juma while she was addressing a press briefing.
EPRA says the prices would have been higher had the Government not intervened. For instance, a litre of Petrol in Nairobi would have sold at KSh173.70; Diesel (KSh165.74) and Kerosene (KSh139.89).
A litre of petrol in Mombasa will cost KSh142.36, Diesel (KSh123.26) and Kerosene (KSh111.19) while in Kisumu, a litre of petrol will retail at KSh145.02; Diesel (KSh126.20) and Kerosene (KSh114.16).
A litre of petrol in Nakuru will go for KSh144.14, Diesel (KSh125.33) and Kerosene (KSh113.29), while in Eldoret, a litre of petrol will retail at KSh145.03; Diesel (KSh126.22) and Kerosene (KSh114.17). In Kisii, a litre of petrol will retail at KSh145.90, Diesel (KSh127.08) and Kerosene (KSh115.05).
Kenya has been using a fuel subsidy mechanism for months, to shield fuel consumers from the skyrocketing fuel prices, already causing significant inflationary pressure in many economies worldwide.
