Fuel prices in Kenya have skyrocketed to an all-time high of seven percent, piling pressure on ordinary citizens amidst the high cost of living.
The Energy Petroleum and Regulatory Authority (EPRA) has attributed the rise in fuel prices to a rise in the average landing costs of the products.
The average landing cost of Super Petrol had increased by 20 percent, while that of Diesel increased by 24.7 percent. The landing cost of Kerosine had increased by 11.84 percent.
The rise in landing rates will see a litre of Super Petrol retail at Ksh.144.62, Diesel at Ksh.125.50 and Kerosine at Sh113.44. This is an increase of Sh9.90 across all the products.
In the March review, the price of a litre of Super Petrol stood at Ksh.134.72 while that of Diesel stood at Ksh.115.60 but Kerosine was retailed at Ksh.103.54.
EPRA said that the government would utilise the petroleum development levy to cushion customers from the unusually high prices.
Energy and Petroleum Cabinet Secretary Monica Juma said the government will take stern action on oil marketers offering petrol at increased prices.
“During the stress period, some retailers were offering petrol at increased prices consequently, they have been issued with show-cause letters by EPRA. Whoever is found in breach, we will take stern action against the entities,” Juma said.