Trade Cabinet Secretary Moses Kuria is warning Kenyans that fuel prices will increase by Sh10 every month until February next year, amid the rising cost of global crude prices.
Via X formerly Twitter, the CS said the high prices are pegged on a global rise in crude prices.
“Global crude prices are on an upward trajectory. For planning purposes expect pump prices to go up by Ksh 10 every month till February,” Kuria said.
His sentiments come hours after the Energy and Petroleum Regulatory Authority (Epra) announced fuel prices for the cycle starting at 12:01 am on September 15.
The updated pump prices in Nairobi are as follows: Petrol will now be sold at Sh211.64, diesel at Sh200.99, and kerosene at Sh202.61.
“Taking into account the weighted average cost of imported refined petroleum products, the changes in the maximum allowed petroleum pump prices in Nairobi are as follows: Super petrol increases by Sh16.96, Diesel increases by Sh21.32 per litre and kerosene increases by Sh33.13 per litre,” read part of Epra’s statement.
“The prices are inclusive of the 16% Value Added Tax (VAT) in line of the provision of the Finance Act 2023,” Epra added.
In comparison, the prior prices for petrol, diesel, and kerosene in Nairobi from August were Sh 194.68, Sh 179.67, and Sh 169.48, respectively.