Fuel prices up as festive season begins

You will pay extra for your fuel this Christmas after the price of super petrol was reviewed upwards by the Energy Regulatory Commission.

The petroleum pump price of super petrol will increase by Ksh.1.47 per litre, with diesel and kerosene set to rise by Ksh.0.03 and Ksh. 0.19 per litre respectively during the period from December 15, 2017 to January 14, 2018.

This means motorists will pay KSh.100.89 in Mombasa, KSh.104.17 in Nairobi, KSh.104.88 in Nakuru, KSh.106.06 in Eldoret and KSh.106.13 in Kisumu.

ERC Director General Pavel Oimeke said through a press release that the fuel price hike is due to the increase in the average cost of importing super petrol, diesel and kerosene.

“Changes in this month’s prices have been as a consequence of the increase in average landed cost of imported petroleum products from October to November,” the press release read in part.

The price hike has also been attributed to the trading of the Shilling against the Dollar. “The mean monthly US Dollar to Kenya Shilling exchange rate appreciated by 0.08% from Ksh. 103.51 per US$ in October to Ksh. 103.43 per US$ in November.”

The board however added that the adjusted prices are set to see a reduction in the pipeline loss factor.

“The actual pipeline loss factor has been calculated at 0.08% which is a reduction from the previous factor of 0.25%. Accordingly, savings per litre on the reduced pipeline loss are as follows, super petrol Ksh. 0.15, Diesel Ksh. 0.13 and Kerosene Ksh. 0.10 respectively,” reads the release.