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Why EPRA chose to leave fuel prices unchanged

Fuel prices in the country will remain unchanged in the latest fuel review.

In a statement by the Energy and Petroleum Regulatory Authority (EPRA) the changes will remain in force for a month until May 14, 2021.

This despite the average landed cost of imported super petrol increasing by 9.7 percent, diesel by 4.77 percent and kerosene by 7.29 percent.

The price of all three petroleum products had been expected to soar in line with rebounding international crude prices.

Petrol costs will remain at Ksh.122.81 per litre in Nairobi, diesel will meanwhile remain at a par Ksh.107.66 and kerosene at Ksh.97.85.

The hold in costs is on the back of uproar by Kenyans on exorbitant prices at the pump with the price of petrol for instance having soared by more than Ksh.20 per litre in the prior three reviews.

The higher fuel costs pushed the rate of inflation to an 11-month high 5.9 per cent in March packing more pressure to the purchasing power of Kenyans.

Earlier this month EPRA and Petroleum and Mining Cabinet Secretary John Munyes were given 30 days to present draft regulations on the petroleum development levy in an effort to solve the country’s high fuel prices.

The high fuel prices in the country have been blamed on the rising global crude oil prices.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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