Petrol price up Sh1.53 as ERC announces new fuel prices

Motorists using Petrol powered vehicles are the hardest hit by the new fuel prices announced by the Energy Regulatory Authority (ERC).

ERC has raised the cost of the commodity by 1.53 cents while sparing kerosene and diesel users.

A liter of kerosene drops by 78 cents while diesel will cost 51 cents lower from midnight in the latest prices released by the regulator.

Consumers will pay less for the commodity by 78 cents for kerosene while diesel will cost 51 cents lower beginning midnight. In the last review in July, kerosene and diesel prices were also slashed by 53 cents and 1.48 cents for diesel and kerosene respectively.

However, super petrol users will bear the brunt of the new prices forced to cough 1.53 cents more for a liter of the commodity.

ERC says the new prices have been driven by increased cost of landed super petrol which increased by 3 percent to 76300 per ton in July.

As usual, consumers in Mombasa will pay the least for the commodity paying 110.42 for petrol, 99.44 shillings for diesel and 82.16 shillings for kerosene.

Consumers in Mandera will be the worst hit paying 127.54 shillings for petrol, 116.55 for automotive diesel and 98.76 shillings for kerosene.

However, consumers may pay more from the 1st of September when Treasury re-introduces a 16 percent tax on fuel. it is not yet clear whether the new tax regime will come into force at a time when the cost of electricity for most consumers went up beginning this month.


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