ERC announces increases in pump prices; Prices of Diesel, Petrol and Kerosene go up

In accordance with Legal Notice No.196 of 2010, the Energy (Petroleum Pricing) Regulations and the amendment thereof, the Energy Regulatory Commission (ERC) has calculated the maximum retail pump prices of petroleum products, which will be in force from 15th November to 14th December 2018.

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, Diesel and Kerosene increases 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 the provisions of the Finance Act 2018. Changes in this month’s prices have been as a consequence 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.

Above; Press Statement from the ERC on the latest fuel prices review:

Below: New pump prices across major cities and towns in Kenya:

Below: The complete breakdown of costs with Nairobi used as an example: