Fuel Prices Increase in Kenya

The Energy and Petroleum Regulatory Authority (Epra) has announced a revision of fuel prices in Kenya, effective September 15, 2023.

The new prices are as follows:

• Petrol: Sh 211.64 per liter, up from Sh 194.68 per liter
• Diesel: Sh 200.99 per liter, up from Sh 179.67 per liter
• Kerosene: Sh 202.61 per liter, up from Sh 169.48 per liter

This is the highest increase in fuel prices in Kenya since the introduction of the fuel subsidy in 2019.

The increase has been attributed to the rising cost of crude oil on the international market. The price of Brent crude oil, the international benchmark, has increased by more than 50% since the beginning of the year.

The increase in fuel prices is likely to have a significant impact on the cost of living in Kenya. Transportation costs are likely to go up, which will put pressure on businesses and consumers.

The government has said that it is monitoring the situation and will take steps to mitigate the impact of the increase in fuel prices.

In the meantime, consumers are advised to conserve fuel and use alternative modes of transportation whenever possible.