Kenyans to Pay More for Fuel in the Month of May and June

The Energy and Petroleum Regulatory Authority (EPRA) announced the hike in fuel prices on Sunday, May 14. The higher fuel prices will be effective for 30 days.

Super Petrol, Diesel, and Kerosene prices in Nairobi increased by Kshs3.40 per litre, Kshs6.40 per litre, and Kshs15.19 per litre, respectively, according to the authority's monthly review of fuel pricing. 

The removal of the Diesel and Kerosene subsidies was also announced by EPRA.

Thus, in Nairobi, the cost of gasoline increased to Ksh182.70, diesel to Ksh168.40, and kerosene to Ksh161.13. 

The decision, according to EPRA, was made as a result of petroleum goods receiving subsidies to protect Kenyans from high pricing.

"During the time under review, the maximum permitted petroleum pump price of Super Petrol, diesel, and kerosene remain unchanged.” The statement from EPRA stated.

The declaration was made against the backdrop of Kenya obtaining petroleum products under a new agreement to supply the nation with oil for a term of six months with a Saudi Arabian corporation and a company based in Dubai.

To ease the pressure on the dollar supply, the government bought oil at the same price on credit and remitted in Kenyan shillings.

The first Ksh20 billion shipment of fuel under the new agreement arrived in the nation in April 2023, while the most recent shipment was delivered on May 11, 2023.