- The Energy and Petroleum Regulatory Authority announced significant increases to petrol, diesel, and kerosene prices effective October 14
- EPRA attributed the hike to a surge in global crude costs, with super petrol jumping to USD 1,300 per metric tonne
Amos Khaemba, a journalist at TUKO.co.ke, brings over four years of experience covering politics and current affairs in Kenya.
Nairobi - The Energy and Petroleum Regulatory Authority (EPRA) has announced steep fuel price increases for the next 30 days.
Source: UGC
According to the statement, the cost of super petrol has increased by KSh 12.93 per litre, diesel by KSh 9.90, and kerosene by KSh 28.49, with the new prices taking effect on Wednesday, October 14.
Following the adjustment, Nairobi residents will pay KSh 226.96 for a litre of super petrol, KSh 227.76 for diesel, and KSh 219.87 for kerosene.
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EPRA cites soaring global crude costs
EPRA Director General Engineer Edward Mwirigi Kinyua told the press on Wednesday that the spike in international oil markets was the primary driver behind the increase.
"September has been the worst month ever since this war broke out. Super petrol has reached USD $1,300 per metric tonne from the initial USD $600 per metric tonne," Kinyua said, referencing ongoing conflict pressures in the Middle East.
The sharp increase has been informed by a raft of factors, including the government's decision to halt the fuel subsidy that has been in effect since the April pump cycle.
“We will not introduce the stabilisation for this pricing cycle so that the amounts being saved today can be utilised in the future if the prices were to go burst,” EPRA DG asserted.
Source: TUKO.co.ke
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