Fuel prices remain unchanged despite increase in landed cost

A litre of petrol will retail at Sh129.72 in Nairobi while diesel will cost Sh110.60.

In Summary

•A litre of petrol will retail at Sh129.72 in Nairobi while diesel will cost Sh110.60.

•Kerosene, mostly used by low-income households for cooking and lighting will cost Sh103.54 at the pump.

An attendant fuelling a car.
An attendant fuelling a car.
Image: FILE

Fuel prices will remain the same in this month's review even with rising crude oil costs, owing to a State subsidy that consumers have been enjoying over the last three months. 

The prices of super petrol, diesel and kerosene will remain unchanged until December 14 when the next review is due.

A litre of petrol will retail at Sh129.72 in Nairobi while diesel will cost Sh110.60.

Kerosene, mostly used by low-income households for cooking and lighting will cost Sh103.54 at the pump.

In a statement on Sunday, Epra Director-General Daniel Kiptoo said the government will utilize the Petroleum Development Levy to cushion Kenyans from the otherwise high prices.

Global crude prices hit a near four-year high of $85 (Sh9,473) last week compared to $73.50 (Sh8,414) in September, which the current pump prices are pegged on, in addition to taxes.

EPRA noted that the landed cost of imported Super petrol increased by 8.66 per cent from $557.74 (Sh62,160) per cubic metre in September to $606.06  in October with diesel increasing by 11.17 per cent from $504.68 (Sh56,246) to  $561.06.

That of kerosene also increased by 9.27 per cent from $477.75 (Sh53,245) per cubic metre to $522.06.

Over the same period, importers also incurred heavy costs on weakening shilling which dropped to 111.10 per US dollar compared to an average trading rate of 110.21 the previous month.