The fuel prices at the pump have increased, and will be in force from today at midnight to October 14, 2021.
In a statement on Tuesday, the Energy and Petroleum Regulatory Authority said that a litre super petrol will retail at Sh7.58, Sh7.94 for a litre of diesel, and Sh12.97 for kerosene.
Therefore, Super Petrol, Diesel, and Kerosene will now retail at Sh134.72, Sh115.60, and Sh110.82 per litre respectively in Nairobi.
The authority said that prices are inclusive of the 8 per cent 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.
It said that the calculation of the prices was reached in accordance with Section 101(y) of the Petroleum Act 2019, Legal Notice No.196 of 2010, and Legal Notice No. 26 of 2012.
The changes come after months of constant prices in the country due to the economic challenges caused by the coronavirus pandemic.
In the last review, the petrol retailed at Sh127.14 per litre in Nairobi, diesel at Sh107.66, and kerosene at cost Sh97.85 per litre.
The authority said that the average landed cost of imported Super Petrol decreased by o.72 per cent from 552.35 US Dollars per cubic meter in July to 548.36 US Dollars per cubic meter in August.
Diesel decreased 4.81 per cent from 514.25 US Dollars per cubic meter to 489.51 per cubic meter while Kerosene increased by 0.96 per cent from 493.45 US Dollars per cubic meter to 498.19 US Dollars per cubic meter.
