July 2020 Fuel Prices: Fuel prices in Kenya have risen sharply. According to the latest Energy and Petroleum Regulatory Authority (EPRA), petrol and diesel prices have however increased by Sh. 11.38 and Sh. 17.30 respectively. Kerosene has gone up by Sh. 2.98.
In Nairobi, a litre of petrol will now cost Sh. 100.48 up from Sh. 89.10. Diesel will retail at Sh. 91.87 up from Sh. 74.57 while a litre of Kerosene will trade at Sh. 65.45 from Sh. 62.46.
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“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 Oimele said.
The increase in prices has also been pegged on 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 Sh. 5.77 per litre with diesel and kerosene decreasing by Sh. 3.80 and Sh. 17.31 per litre respectively, pegged on low global oil prices that hit a low of $31.02 (Sh. 3,330) a barrel in March, the lowest since February 12, 2016.
In May,pump prices fell to Sh. 83.33 for a litre of petrol and Sh. 78.37 for a litre of diesel in Nairobi.
Pump prices for Kerosene however increased by Sh. 2.49 to retail at Sh. 79.77 a litre. July 2020 Fuel Prices.