The maximum pump prices for a litre of Super Petrol has increased by KSh 0.77 per litre while that of a litre of Diesel and Kerosene remains unchanged.
According to the latest fuel prices released by the Energy and Petroleum Regulatory Authority(EPRA), which come into effect midnight of 15th June 2021 to 14th July 2021, the pain at the pump has been kept minimal despite a steady increase in the price of imported Murban crude.
The Price of Murban Crude Oil lifted in May 2021 was posted at $ 67.71 per barrel, increasing 5.90% from$ 63.94 per barrel in April 2021.
Petrol prices increase while diesel, kerosene remain unchanged
EPRA figures indicate that the average landed cost of imported Super Petrol increased by 1.52%, from $ 488.69 per cubic metre in April 2021 to $ 496.10 per cubic metre in May 2021.
Diesel increased by 5.98% from $ 439.60 per cubic metre to $ 461.95 per cubic metre, while kerosene increased by 4.41%, from $ 430.40 per cubic metre to $ 449.37 per metre cubic. During this period under review, the Mean Monthly US $ to Kenya Shilling Exchange Rate appreciated by 0.21% from KSh 107.84 per US$ in April to KSh 107.61 per $ in May 2021.
EPRA figures indicate that the price of imported crude oil has been steadily rising from $ 36.34 per barrel in July 2020 to $49.57 in December 2020 before hitting a high of $67.71 in May 2021. Maximum fuel prices in Mombasa for a litre of Super Petrol will now retail at KSh 124.72 per litre, KSh 127. 17 in Nairobi, KSh 126.75 in Nakuru and KSh 127.67 in Eldoret and Kisumu, respectively.
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