Fuel Prices Remain Unchanged in August 2023

The Energy and Petroleum Regulatory Authority (EPRA) has announced that fuel prices will remain unchanged in August 2023. This is despite the average landed cost of imported fuel having increased in July by 64% for super petrol, 4.29% for diesel and 7.41% for kerosene.

The decision to keep fuel prices unchanged was made in order to cushion consumers from the spike in pump prices as a consequence of increased landed costs. The government will be compensating oil marketers for the difference from the Petroleum Development Fund (PDF).

This means that a litre of super petrol will continue retailing at Sh194.68 in Nairobi, diesel at Sh179.67 and kerosene will go for Sh169.48. In Mombasa, motorists will continue paying Sh191.62 for a litre of super petrol, Sh176.63 for diesel and Sh166.43 for kerosene.

The unchanged prices will remain in force until September 14, 2023.

This is the second time in a row that fuel prices have remained unchanged in Kenya. The last time this happened was in August 2022.

The decision to keep fuel prices unchanged is a welcome relief for Kenyans who have been struggling with the high cost of living. However, it is important to note that the prices of fuel are likely to go up in the coming months, as the global oil market remains volatile.

The government is urged to continue taking steps to cushion consumers from the impact of rising fuel prices. This could include increasing the fuel subsidy or providing tax breaks to motorists.