The Energy And Petroleum Regulatory Authority (EPRA) has announced a drop in fuel rices for the period between October 14 and November 15. (A car being filled with fuel in Nairobi) In the pricing index released on Thursday October 14, EPRA noted that the prices of petrol and diesel dropped by Ksh5 and Kerosene dropped by Ksh7.28 pee litre for the next 30 days.
Kenyans are watching with bated breath to see how petrol prices will change over the coming month. Even though global oil prices soared last month due to limited supply and increasing demand due to the global economy's revival, EPRA is under intense public pressure to cut the cost of the commodity.
Kenyans for the last one month had to endure the high prices of fuel but now things have changed. The Energy and Petroleum Regulatory Authority has released a press confirming that the price have been reduced in accordance with the constitution. In the report, the board has announced that the maximum allowed pump price in Nairobi for super petrol and diesel will decrease by KSH.
Petroleum Cabinet Secretary John Munyes while appearing before the Senate clarified that the prices would not drop due to external factors pointing out that the costs were determined by a formula. The Energy and Petroleum Regulatory Authority (EPRA) has released fuel prices for the period between Friday October 15 and Sunday November 14.
The Energy and Petroleum Regulatory Authority (EPRA) has calculated the maximum retail petroleum prices in Kenya, which will be in force from today 15th October,2021 to 14th November,2021. Consequentially, the maximum allowed petroleum pump price in Nairobi for super petrol and diesel has decreased by ksh 5 and that of kerosene has decreased by ksh 7.28 per litre.
Oil marketers received Sh8.64 billion from the State in compensation for the five months to August when dealers kept fuel prices unchanged to diffuse public outrage. Energy and Petroleum Regulatory Authority (Epra) Director General Daniel Kiptoo made the revelations Tuesday when he appeared before the National Assembly committee on Finance and National Planning.
The National Assembly of Kenya has received a petition to look into the recent fuel prices in the country after there was a public uproar. Energy and Petroleum Regulatory Authority (EPRA) announced new fuel prices for the period between September 15 to October 14 that increased by 6%.
Fuel price has been the talk of the town in Kenya following an increment. The cost of gasoline have been increased and is the highest in a decade. This is because the authorities decided not to tap funds meant to keep prices stable. The price of gasoline jumped by 6% to 134.72 shillings per litre in Nairobi city.
Mr Daniel Kiptoo, the Director general of the Energy and Petroleum Regulatory authority (EPRA) has left Mps egg faced after he dismissed their suggestions that the body is responsible for the high prices of fuel witnessed recently. Kiptoo told off the lawmakers, and directly implicated them for the suffering that Kenyans are going through after fuel prices were increased.
Kenyans especially motor vehicle owner's might have to brace for another shocker in regards to fuel prices. Recently Energy and Petroleum Regulatory Authority boss Daniel Kiptoo announced increase of fuel price and now they are set to hike further. “We have seen a surge in prices of Brent crude, a barrel topping at almost Sh8,838.40.
Members of Parliament often claim to fight for the people who are their employers, but some of their decisions while discharging their legislative mandate, hurt mwananchi. They voted and supported the laws that introduced the high taxes on fuel contributing to the high prices. Last week, the Energy Petroleum and Regulatory Authority (EPRA) increased the price of petrol by KSh 7.58 per litre, diesel by KSh 7.94 per litre and kerosene by KSh 12.97 per litre.
Deputy President William Ruto has continued his attacks on public officials, alleging that they are to blame for the country's high fuel prices. DP Ruto claims that corrupt public officials profit from high fuel prices and demands that they be arrested and prosecuted. Ruto also criticized the present government policies in place, such as price controls and allocations to oil marketers, for the rise in fuel prices.
Investors in fuel filling stations business, near the borders of Tanzania and Uganda from Kenyan side,are now starring contemplating huge loses,after the vehicles owners and drivers started going for cheaper fuel from the border countries. The investors claim that their customers cannot afford the prices of Kenyan fuel,after the Energy and Petroleum Regulatory Authority (EPRA) hiked the them.Thus,the only option left is to go for cheaper ones.They are now calling upon the government to ensure that they lower the taxes introduced in the said sector,so that they can save their businesses.
Kenyans have been dealt another huge blow after the electricity bill is set to go up this month. This is after the government reviewed the electricity prices last week. This however comes barely a week after Epra raised the cost of fuel According to the Energy and Petroleum Regulatory Authority, all prices of electricity will be subjected to a fuel energy cost charge of Sh3.88 per kWh.
There was an outcry after Energy and Petroleum Regulatory Authority (EPRA) increased the prices of petroleum and petroleum products. Kenya Revenue Authority (KRA) had also announced that they were adjusting excise duty rates on fuel which would have spiked the prices higher. However, High Court Judge Justice James Makau has temporarily blocked the secondary duel jump that was to be initiated by KRA.
The economic situation in the country has been tough since the covid-19 pandemic was declared a national disaster and restriction measures set in place resulting to many people losing their jobs. The increased fuel price in the country added more pain at the pump for many car users leading to increased bus fares.
Kenya has increased the cost of fuel to the highest shilling in a decade. The price of gasoline jumped from 6% to 134.72 shillings($1.23) per litre in the nation's capital, Nairobi as announced by the Energy and Petroleum Regulatory Authority. The rates will be effective for a month starting September 15th
The price of fuel has been fluctuating in the world market hence there is no fixed price of fuel products including petrol, diesel and Kerosene. Fuel price fluctuations is influenced by decision on output made by Organisation of Petroleum Exporting Countries (OPEC). Today Nandi County senator Wakili Kiprotich Cherargei had last week raised on the floor of the senate to question the rising prices of fuel done by the Energy and petroleum Regulatory Authority(EPPRA) which has burdened many Kenyans in this hard times of the especially covid-19 pandemic
There are a lot of questions regarding the sudden rise of fuel price in Kenya. A litre of petrol in Nairobi now costs Ksh.134.72 rising from Ksh.127.14 as the price of diesel spikes to ksh.115.60 from ksh. 107.66. Kerosene has also increased in price from ksh.97.85 to ksh.110.82.
Kenyans have been facing hard economic time since covid-19 disease was declared a national pandemic in the country by the president. Recently the Energy and Petroleum Regulatory Authority ( EPRA) raised the prices of super petrol by Ksh.7.58 per litre. A move that left many Kenyans facing more pain at the pump.