Kenyans will need to dig deeper into their pockets after the prices of kerosene, petrol ad diesel shot up.
Prices of petroleum products increased by up to Sh2.2 per litre, over what was termed as a delay in delivery of cheaper products that saw the prices set based on more expensive June supplies.
The price per litre of petrol in Nairobi now stands at Sh95.13 while that of diesel is set at Sh84.51. Kerosene now retails at Sh62.48 per litre in the city.
“Taking into account the weighted average cost of imported refined petroleum products … the maximum allowed petroleum pump prices in Nairobi are as follows: super petrol increases by Sh2.2 per litre, diesel increases by Sh1.27 per litre while kerosene increases by Sh1.03 per litre,” ERC said in a statement. “The free on board (FOB) price of Murban crude oil lifted in July was posted at $44 (Sh4,444) per barrel, a decrease of 9.07 per cent from $49.05 (Sh4,954) per barrel in June 2016.”
The regulator said the landed cost per tonne of petrol increased 3.31 per cent to $521.72 (Sh52,693), followed by diesel at 3.18 per cent to $469.1 (Sh47,379) and kerosene at 2.86 per cent to $493.86 (Sh49,879).