The Energy Regulatory Commission (ERC) has announced an increase in fuel prices, set to take effect from November 15th to December 14th. On Wednesday, ERC outlined that in Nairobi Super Petrol, Diesel and Kerosene prices will increase by Kshs 2.38, Kshs 3.11 and Kshs 2.99 per litre respectively. “The prices are inclusive of Value Added Tax (VAT) at 8% in line with provisions of the Finance Act 2018,” read the ERC statement. As a result, in Nairobi Super Petrol will retail at Kshs 118.11, Diesel at Kshs 112.83 per litre and Kerosene at Kshs 111.83 per litre.
The energy regulator noted that the increase in this month’s prices are as a result of the average landed cost of imported Super Petrol increasing by 4.02% from US$ 729.04 per ton in September 2018 to US$ 758.34 per ton in October 2018. Diesel increasing by 5.84% from US$ 700.41 per ton to US$ 741.33 per ton and Kerosene increasing by 5.80% from US$ 721.64 per ton to US$ 763.47 per ton.