Fuel prices have gone up in this month’s price review by the Energy Regulatory Commission. Commission’s Director General Joe Ng’ang’a attributed the increase to the rise in global prices and foreign exchange rates.
The shilling has been weakening since January and touched 102 to the dollar in today’s trading, making imports more expensive.
The new retail prices take effect from July 15 to August 14. The cost of super petrol has increased by Ksh1.31 per litre, diesel by Ksh1.25, while Kerosene has gone up by Ksh 0.96 per litre.
A litre of super petrol will now retail at Ksh 98.59 in Nairobi, Ksh 95.27 in Mombasa and Ksh100.51 in Kisumu. Diesel will go for Ksh84.56 in Nairobi, Ksh81.27 in Mombasa and Ksh86.68 in Kisumu. Kerosene will sell at Ksh62.74 per litre in the capital city, Ksh 60.00 in Mombasa and Ksh 64.59 in Kisumu.
Mandera residents will pay the highest fuel prices in the country at Ksh112.40 per litre for petrol, Ksh98.37 for diesel and Ksh76.55 for kerosene. This is attributed to the distance between Mandera and the Port of Mombasa.
The continued rise in fuel prices is expected to spark a rise in the cost of goods and service as fuel in a major factor of production in Kenya. Inflation, the measures of the cost of living, is expected to rise.
NEXT READ: KBC TO BE RESTRUCTURED IN RADICAL REFORMS