This archive report was first published on 15 June 2020.
Kenya's poor households have received a rare reprieve as the cost of cooking fuel drops to a four-year low. A litre of kerosene will retail at Sh62.46 for the next month, down from Sh80.00 in the previous month.
The new price is a result of the Energy and Petroleum Regulatory Authority (Epra) reducing the retail price of kerosene by Sh17.31 per litre, according to the monthly guide released on June 14, 2020.
Meanwhile, diesel will sell at a lower price of Sh74.57 a litre, a Sh3.80 drop, which is a boost to industries including agriculture and manufacturing.
However, motorists may not be so lucky as the price of super petrol increased by Sh6, retailing at Sh89.10 per litre between June 15 and July 14.
According to Epra, the new prices are a result of landed cost for petroleum going up by almost a third while those of diesel and kerosene declined.
“The computation of pump prices has taken into account the changes effected by the Tax Laws (Amendment) Act 2020 that made taxes and duties part of the vatable amount in the calculation of VAT for petroleum fuels,” said Epra in a statement.
