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ERC attributed the sharp increase to a rise in importation costs despite favourable stable exchange rates/FILE

Kenya

Shocker at pumps as petrol rises by Sh4

ERC attributed the sharp increase to a rise in importation costs despite favourable stable exchange rates/FILE

ERC attributed the sharp increase to a rise in importation costs despite favourable stable exchange rates/FILE

NAIROBI, Kenya, Mar 14 – The price of super petrol has shot up by Sh4.12 for a litre in Nairobi to retail at Sh117.69 from midnight on Thursday as diesel was increased by Sh1.17 to Sh107.37, while kerosene will retail at 88.5 after going up by Sh2.61.

In its monthly review on Thursday, the Energy Regulatory Commission (ERC) attributed the sharp increase to a rise in importation costs despite favourable stable exchange rates.

“The average landed cost of imported kerosene increased by 8.15 percent from $1.031.96 per tonne in January 2012 to $1,116.05 per tonne in February 2013. Super petrol increased by 5.68 percent from $1,054.22 per tonne to $1,114.08 while the average landed costs of imported diesel increased by 3.38 percent to $1,008.21 from $975.23 per tonne,” ERC said in a statement.

Motorists in Mombasa will purchase the fuel at the lowest prices, with a litre of petrol going at Sh114.43, diesel Sh104.13 while kerosene will retail at Sh85.74.

On the other hand, the commodity will retail at the highest prices in Mandera where a litre of super petrol will sell at Sh130.21, diesel Sh119.89 while kerosene will be sold at Sh101.29.

In Nakuru, super petrol will sell at Sh118.26, diesel sh108.17 and kerosene at Sh89.29 while in Kisumu super petrol will retail at Sh119.43, diesel Sh109.34 and kerosene at Sh90.31 a litre.

Early in the week, the Central Bank Monitory Policy Committee said among other economic factors, it had to retain its lending rate at 9.5 percent to first watch the movement of inflation rate which was highly driven by the cost of fuel.

Last month, a litre super petrol went up by Sh1.17, kerosene Sh2.07 while diesel increased by Sh2.21.

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