Kenyans should brace for higher transport costs after Pump prices shot to historic highs, with a litre of super petrol, Diesel and Kerosene all increasing by Sh9.
In the latest review by the Energy and Petroleum Regulatory Authority (EPRA), the rise has been attribute to an increase in landing cost of the product.
The overage landed cost of imported Super Petrol increased by 5.96 percent from Sh 96,897.44 (US$826.77) per cubic metre in April 2022 to Sh102,673.06 (US$876.05) per cubic metre in May 2022.
The landing cost for Diesel increased by 10.90 percent from Sh105, 404.99 (US$899.36) per cubic metre to Sh116, 889.42 (US$997.35) per cubic metre.
Kerosene on the other hand decreased by 0.34 percent from Sh106, 494.95 (US$908.66) per cubic metre to Sh106, 136.32 (US$905.60) per cubic metre.
Motorists will have to part with Sh159.12 to purchase a litre of super petrol, Sh140 to purchase diesel and 127.94 to buy kerosene.
However, the regulator says that the price would have been higher if the government would have f
“The government will utilise the Petroleum Development Levy (POL) to cushion consumers from the otherwise high prices,” EPRA said in a statement.
According to the regulator Kenyans would have paid up to sh184 for Super Petrol, Sh188 for diesel and 170 for a litre of the commodity if levy was not in place.
The subsidy has come under sustained pressure in recent days due to the spike in global prices of crude that have increased the compensation margins for oil marketers.
The latest increase in prices, which will be in force until June 14, will pile more pressure on households and motorists, given that diesel is a key determinant as a measure of inflation.
Producers and manufactured goods usually factor in the higher cost of petroleum in the final cost.
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