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Kenya

Cost of fuel goes up in latest ERC review

According to the monthly review, super petrol will retail at Sh106.30 in Nairobi after a Sh2.13 increase, diesel goes up by Sh2.39 and kerosene also goes up by Sh3.36/FILE

NAIROBI, Kenya, Jan 14 – The Energy Regulatory Commission on Sunday revised the maximum cost of fuel drivers will pay at the pump upwards.

According to the monthly review, super petrol will retail at Sh106.30 in Nairobi after a Sh2.13 increase, diesel goes up by Sh2.39 and kerosene also goes up by Sh3.36.

ERC says the move follows an increase in the landed cost of imported fuel.

Landing costs of imported petrol increased by 3.99 per cent as compared to December 2017 while costs of imported diesel went up by 4.63 and kerosene by 6.36 per cent respectively.

The prices take effect starting midnight January 15 until February 14, 2018.

“The free on board price of Murban crude oil lifted in December 2017was posted at US$64.85 per barrel, an increase of 1.89 percent from US$63.65 per barrel in November 2017,” ERC said.

The period also experienced a 0.30 per cent appreciation in the mean monthly US dollar, shilling exchange rate; from Sh103.43 per US dollar in November 2017 to Sh103.12 per US dollar in December 2017.

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