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| Petrol Pump prices revised |
Bad news to Motorists, manufacturers and households as fuel pump prices go-up and for the next month in the latest EPRA review.
Petrol and diesel prices increased by Sh11.38 and Sh17.30, respectively, in the current Energy and Petroleum Regulatory Authority (EPRA) review.
Kerosene, used mainly by households for cooking and lighting, has gone up by Sh2.98.
In Nairobi, a litre of petrol will now cost Sh100.48 up from Sh89.10.
For diesel at Sh91.87 up from Sh74.57 while a litre of kerosene will sell at Sh65.45 from Sh62.46.
"The prices are inclusive of the revised rates for Petroleum Development Levy on super petrol and diesel and eight per cent VAT in line with the provisions of the Finance Act 2018, and the tax laws (Amendment) Act 2020," EPRA director-general Pavel Oimeke said.
The increase in prices has also been facilitated by the cost of imported super petrol which increased by 12.64 per cent to $279.58 per cubic metre in June.
" Diesel went up 32.16 per cent to $302.15 per cubic metre, " Oimeke noted.
Last month, petrol increased by Sh5.77 per litre with diesel and kerosene decreasing by Sh3.80 and Sh17.31 per litre, respectively, tightened on low global oil prices that hit a low of $31.02 (Sh3,330) a barrel in March, the lowest since February 12, 2016.
Pump prices for kerosene also increased by Sh2.49 to retail at Sh79.77 a litre.
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