Home Economy More pain at the pump as fuel prices shoot up again

More pain at the pump as fuel prices shoot up again

By
The East African Business Mirror
-
65442
1182

Following the changes, Super petrol will from midnight Wednesday retail at Ksh118.11, Diesel Ksh 112.83 and Kerosene Ksh 111.83 in Nairobi
According to the regulator, the prices are inclusive of Value Added Tax (VAT) at 8% in line with the provisions of the Finance Act 2018.
The Energy Regulatory Commission (ERC) has revised the prices of Super Petrol, Diesel and Kerosene upwards by Ksh 2.38, Ksh 3.11 and Ksh 2.99 per litre respectively.
Following the latest changes, Super petrol will from midnight Wednesday retail at Ksh118.11, Diesel Ksh 112.83 and Kerosene Ksh 111.83 in Nairobi. Mandera residents will be the most affected with super petrol going at Ksh 130.97, diesel at Ksh 125.69 and kerosene at Ksh 124.68.
According to the regulator, the prices are inclusive of Value Added Tax (VAT) at 8% in line with the provisions of the Finance Act 2018.
ERC Director General Pavel Oimeke said the changes in this month’s prices have been as a consequence of the average landed cost of imported Super Petrol increasing by 4.02% from US$ 729.04 per ton in September 2018 to US$ 758.34 per ton in October 2018.

“Diesel increased by 5.84% from US$ 700.41 per ton to US$ 741.33 per ton and Kerosene increased by 5.80% from US$ 721.64 per ton to US$ 763.47 per ton,” he added.
Here is the complete breakdown of the new fuel prices:

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