Motorists to pay more for petrol, diesel as prices increase

A litre of petrol will retail at Kshs 150.12 while Diesel will cost Kshs 131.00 and Kerosene Kshs 118.94 in Nairobi starting next month.

In a press statement, the Energy and Petroleum Regulatory Authority said it had calculated the maximum retail prices of petroleum products which will be in force from 15th May to 14th June 2022.

The new pump prices of Super Petrol, Diesel and Kerosene have increased by Kshs 5.50 per litre respectively.

“The Government will utilise the Petroleum Development Levy (PDL) to cushion consumers from the otherwise high prices. The prices are inclusive of the 8% Value Added Tax (VAT) in line with the provisions of the Finance Act 2018, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020,” EPRA said.

In Mombasa, motorists will pay Ksh 147.86 for a litre of petrol while it will retail at Ksh 150.53, in Kisumu and Eldoret as well as Ksh 149.64 in Nakuru.

According to EPRA, the Free on Board (FOB) of Murban crude oil lifted in April was posted at $93.99 per barrel, an increase of 10.43 per cent from the $85.11 per barrel in March.

“Over the same period, the mean monthly dollar-to-Kenya shilling exchange rate depreciated by 0.99 per cent from Sh114.60 per dollar in March to Sh115.74 in April,” EPRA said.

  

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