This archive report was first published on 14 July 2020.
Kenya's motorists are facing a new challenge as fuel prices are set to rise, following the latest review by the Energy & Petroleum Regulatory Authority (EPRA).
On July 13, 2020, EPRA announced the new prices of Super Petrol, Diesel, and Kerosene, which will be effective from July 14, 2020, until August 14, 2020.
The prices of Super Petrol, Diesel, and Kerosene are set to increase by Ksh11.38, Ksh17.30, and Ksh2.98 per litre respectively.
According to EPRA, the price increases are due to the rising landed costs of imported fuel, despite global oil prices being low.
EPRA cited the average landed cost of imported Super Petrol increasing by 12.64% from USD248.21 per cubic metre in May 2020 to USD279.58 per cubic metre in June 2020, and Diesel increasing by 32.16% from USD228.62 per cubic metre to USD302.15 per cubic metre.
EPRA also stated that the Free on Board price of Murban crude oil lifted in June 2020 was posted at USD36.34 per barrel, an increase of 54.51% from USD23.52 per barrel in May 2020.
