NAIROBI, Kenya, Sep 15 – The Trade Cabinet Secretary (CS) Moses Kuria is warning Kenyans that fuel prices will increase by Sh10 every month until February next year, amid the rising cost of global crude prices.
On his X handle, CS Kuria urged Kenyans to brace for more shocks.
“Global Crude Prices are on an upward trajectory. For planning purposes expect pump prices to go up by Ksh 10 every month till February,” he posted.
The expected rise in prices will hurt Kenyans, who are already battling with high fuel prices.
Only yesterday midnight did the Energy and Petroleum Regulatory Authority (EPRA) revise fuel prices upwards to Sh16.96 for petrol, diesel (Sh21.32), and kerosene (Sh33.13).
This means that a liter of petrol, diesel, and kerosene now retail at Sh211.64, Sh200.99, and Sh202.61 per liter in Nairobi.
“The average landed cost of imported Super Petrol increased by 4.80% from US$739.21 per cubic metre in July 2023 to US$774.67 per cubic metre in August 2023; Diesel increased by 12.52% from US$701.99 per cubic metre to US$789.89 per cubic metre while Kerosene increased by 19.79% from US$690.58 per cubic metre to US$827.26 per cubic metre,” EPRA announced yesterday evening.
Fuel is a key cog in various sectors, including transportation, industries, and homes, and a slight rise can have a negative impact on them.
An increase in prices means that the above players will be forced to pass on extra costs to consumers, coming at a time when the majority of them are facing tough economic times amid high costs of living.
