This archive report was first published on 14 November 2019.
Kenya's festive season is set to be a costly affair for many as the Energy and Petroleum Regulatory Authority (Epra) has increased fuel prices, effective Thursday midnight.
According to a statement signed by Epra director general Pavel Oimeke on Thursday, a litre of petrol in Nairobi will now cost Sh110.59, an increase of Sh2.54, while a litre of diesel has risen by Sh2.65 to retail at Sh104.61.
Households that use kerosene are the hardest hit, with users parting with Sh2.98 more for a litre that will cost Sh104.06.
The price increase is attributed to an increase in the landing cost for super petrol by 0.86 percent from Sh4,593 per cubic metre last September to Sh4,632 per cubic metre last month, while that of diesel increased by 2.08 percent from Sh4,919 per cubic metre to Sh4,999 per cubic metre.
Kenya's inflation increased to 5.7 percent in the month of September from 4.04 percent the previous month due to increased taxes on petroleum products.
The rate is the highest in 12 months, an indication that the impact of VAT on fuel is sieving into the economy.
