More pain ahead for motorists as EPRA signals rise in fuel prices
Kenyan motorists should
brace for higher fuel prices after the Energy and Petroleum Regulatory
Authority (EPRA) signalled an impending hike in pump prices come February 14,
2025.
EPRA Director General
Daniel Kiptoo has alluded to an increase in fuel costs, attributing it to a
surge in global crude oil prices recorded in January.
The monthly price
adjustment factors in global oil price movements, exchange rate fluctuations,
and other market dynamics.
“We did have a bit of a
spike in international prices sometime in early January and it's because of
certain geopolitical factors, there were sanctions that were put on Russian
products by the outgoing U.S. administration, but those sanctions
have not been lifted,” stated Kiptoo.
“That led to a bit of a
jump in the flat price, and we are having our commutations going on today,
hopefully, once we are able to ascertain where the prices are going we will be
able also to consult the government, and then make a decision on whether we are
going to apply stabilisation or not.”
He added: “But we are
still computing and hopefully we will be able to land at a place where
consumers are comfortable.”
The announcement comes even as the Authority last month
announced an increase in prices for
Super Petrol, Diesel, and Kerosene by Ksh.0.29, Ksh.2, and Ksh.3 per litre
respectively.
A litre of Super Petrol in Nairobi is currently retailing at
Ksh.176.58, Diesel at Ksh.167.06 and Kerosene at Ksh.151.39.
In Mombasa, Super Petrol costs Ksh.173.34, Diesel
(Ksh.163.82), and Kerosene (Ksh.148.15).
In Kisumu, the costs for Super Petrol, Diesel and Kerosene are
Ksh.176.62, Ksh.167.44, and Ksh.151.82 respectively.
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