Up until February, expect rising fuel prices-Moses Kuria
Up until February, expect rising fuel prices-Moses Kuria
According to Moses Kuria, the trade cabinet’s secretary, Kenyans won’t likely be freed from high fuel prices until February of next year.
The CS claimed that a global increase in crude prices is to blame for the increased pricing via X, previously Twitter. “Crude prices around the world are rising. Expect pump prices to increase by Ksh 10 each month until February for planning considerations, according to Kuria.
His remarks follow the Energy and Petroleum Regulatory Authority’s (Epra) announcement of fuel prices for the cycle beginning on September 15 at 12:01 am. The revised pump costs in Nairobi are now Sh211.64 for gasoline, Sh200.99 for diesel, and Sh202.61 for kerosene.
The following modifications to Nairobi’s maximum permitted gasoline pump prices have been made, taking into consideration the weighted average cost of imported refined petroleum products: Part of the Epra statement stated: “Super petrol will now cost Sh16.96 per litre, diesel will cost Sh21.32 per litre, and kerosene will cost Sh33.13 per litre.
According to the Finance Act 2023, Epra continued, “The prices are inclusive of the 16% Value Added Tax (VAT).”In contrast, Nairobi’s previous August gas, diesel, and kerosene prices were Sh 194.68, Sh 179.67, and Sh 169.48, respectively.
