High fuel prices expected in November

Things are about to get much tougher for Kenyans as towards the end of last month the Energy Regulatory Commission (ERC) released the monthly maximum retail pump prices, showing that the prices of super petrol, kerosene and diesel would go up in the October-November period.

Motorists in the capital city will now have to part with Sh3.37 more for a litre of super petrol, Sh1.85 more for a litre of diesel and Sh1.82 more for kerosene. According to the Energy Regulatory Commission Ag. director general, Robert Pavel Oimeke, the changes in prices is as a result of the average landed cost of super petrol, diesel and kerosene.

This can be accredited to the fact that the average landed cost of super petrol, diesel and kerosene was reported to have increased by 7.42%, 6.13% and 4.76% respectively between August and September.

The ERC also added that one of the main reasons as to why the fuel prices increased was because of the slight appreciation in the exchange rate of the dollar. Mr Oimeke said, “Over the same period, the mean monthly US dollar to Kenya Shilling exchange rate appreciated by 0.24% from Sh103.37 per dollar in August 2017, Sh103.12 per dollar in September 2017.”

The change saw the prices of fuels all over the country change in accordance. For example, the price of super petrol, diesel and kerosene in Nairobi retails at Sh101.67, Sh88.71 and Sh66.18 respectively while in Mombasa they retail at Sh98.39, Sh85.44 and Sh63.42 respectively. 

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