This archive report was first published on 14 November 2019.
As of November 15, 2019, motorists in Kenya are facing increased costs due to a rise in petroleum prices. The Energy and Petroleum Regulatory Authority (EPRA) has announced an average increase of Ksh.2.72 to maximum pump prices.
According to EPRA, petrol prices will rise by Ksh.2.54 per litre, while diesel prices will increase by Ksh.2.65 per litre. Kerosene users, who have seen little relief in recent months, will face a Ksh.2.98 jump in prices.
The price hike is attributed to the increased cost of fuel imports, which rose by an average of 1.9 percent in October. As a result, a litre of petrol in Nairobi will now cost Ksh.110.59, while diesel will retail at Ksh.104.61 per litre. Kerosene will retail at Ksh.104.06 per litre.
The rise in petroleum costs is expected to push up inflation, potentially reaching a three-month high. This may put additional pressure on consumer spending, particularly in the food sector.
On a related note, the consumer price index (CPI) rose to a two-month high of 4.95 percent in October, from a record low of 3.83 percent in September.
