New Fuel Prices in Kenya: Updated

In recent times, Kenya has witnessed a notable shift in fuel prices, particularly in super petrol, diesel, and kerosene.

These changes, announced by the Energy & Petroleum Regulatory Authority (EPRA), came into effect on September 15, 2023, and are expected to last until October 14, 2023.

This development has sparked concerns among Kenyan citizens who are grappling with the potential implications these price adjustments may have on their daily lives.

In this comprehensive article, we will delve into the details of these new fuel prices, the underlying reasons for these increases, and how they might affect consumers and businesses.

Key Takeaways

Before we dive into the specifics, let’s outline some key takeaways from the recent fuel price adjustments in Kenya:

1. Fuel Price Increases: The most significant changes have been observed in super petrol, diesel, and kerosene prices. These adjustments are primarily attributed to fluctuations in global oil prices and Kenya’s reliance on imports for its petroleum products.
2. Impact on Living Costs: As fuel prices surge, Kenyan citizens can expect an impact on their cost of living, daily transportation expenses, and the operational costs of businesses across various sectors.
3. Government Measures: The Kenyan government is anticipated to implement measures to assist vulnerable populations in coping with the rising cost of living. These measures could include subsidies or financial support programs.
4. Global Influence: It’s crucial to note that the EPRA’s fuel price adjustments are significantly influenced by global factors, making it challenging for the government to exert complete control over fuel prices.

New Fuel Prices in Nairobi

Let’s begin by examining the specific changes in fuel prices for Nairobi, Kenya’s capital city:

• Super Petrol: The price of super petrol will see a substantial increase of KSh 16.96 per litre, resulting in a new retail price of KSh 211.64 per litre.
• Diesel: Diesel prices are set to increase by KSh 21.32 per litre, making the new retail price KSh 200.99 per litre.
• Kerosene: Kerosene, widely used by many Kenyan households, will experience a significant rise of KSh 33.13 per litre, bringing the retail price to KSh 202.61 per litre.

Fuel Prices Across Kenya

For a more detailed understanding, let’s explore the fuel prices across various towns in Kenya for the period from September 15, 2023, to October 14, 2023:

Super Petrol, Diesel, and Kerosene Prices (Per Litre)

(Please note that the table contains detailed price information for different towns across Kenya.)

Factors Driving the Price Increases

Now, let’s examine the factors that are contributing to the substantial increase in fuel prices in Kenya:

1. Rising Global Oil Prices: The EPRA has noted that the average landed cost of imported Super Petrol increased by 4.80% from US$739.21 per cubic meter in July 2023 to US$774.67 per cubic meter in August 2023. Diesel and kerosene also experienced significant price spikes, with increases of 12.52% and 19.79%, respectively.
2. Vulnerability to Global Oil Market: Kenya’s heavy reliance on imported refined petroleum products exposes the country to fluctuations in global oil prices and international market dynamics. Any shifts in these markets can directly impact fuel prices within Kenya.

Wrap!

In conclusion, the recent fuel price adjustments in Kenya have raised important questions and concerns among its citizens.

The increases in super petrol, diesel, and kerosene prices are primarily attributed to global factors, making it challenging for the government to fully control fuel prices.

As these changes take effect, it’s crucial for consumers and businesses to adapt and explore strategies to mitigate the impact of these rising fuel costs on their daily lives and operations.

Stay tuned for further updates and insights on this developing situation.

We understand the importance of staying informed, and we’re committed to providing you with valuable information to navigate these changes effectively.