Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
The commission attributed the continued rise to the cost of international crude oil as well as costs of importation/FILE

Kenya

Fuel prices go up in latest review

The commission attributed the continued rise to the cost of international crude oil as well as costs of importation/FILE

The commission attributed the continued rise to the cost of international crude oil as well as costs of importation/FILE

NAIROBI, Kenya, Jun 14 – The cost of fuel has increased in the latest Energy Regulatory Commission review, with the cost of a litre of super petrol going up by Sh1.92, diesel Sh3.34 and kerosene Sh3.82.

The commission attributed the continued rise to the cost of international crude oil as well as costs of importation.

The review however did not include the recently increased excuse duty on kerosene because the cargo used in the computations completed product discharge on May 30, 2016, while new excise for Kerosene was effective June 10, 2016.

In Nairobi, super petrol will now retail at Sh86.17, diesel Sh73.71 while kerosene will sell at Sh50.80.

In Mombasa, super petrol will retail at Sh82.78, diesel at Sh70.36 and kerosene at Sh47.98 while in Nakuru super petrol will sell at Sh86.97, diesel at Sh74.69 and kerosene at Sh51.71.

In Marsabit a litre of super petrol will retail at Sh93.07, diesel at Sh80.62 and kerosene will go for Sh57.70 while in Eldoret, super petrol will sell at Sh88.15, diesel at Sh75.87 and kerosene at Sh52.78.

In Kisumu, motorists will buy a litre of super petrol for ShSh88.21, diesel at Sh75.94 and kerosene at Sh52.77.

The commission is in consultation with the Kenya Roads Board and the Kenya Revenue Authority in a bid to establish the implementation date on the Road Maintenance Levy Proposed in the 2016/2017 budget estimates.

This move will see the commission increase levy in the subsequent pricing of super petrol and diesel.

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Headlines

NAIROBI, Kenya, Mar 16 – The World Bank has given the Kenyan government USD 60 Million (Sh6.1 billion) to help combat the deadly coronavirus pandemic...