Motorists will pay more for fuel following an increase in pump prices in the latest review by the Energy Regulatory Commission (ERC ).
The price of petrol has gone up by Sh 3 and will be selling at Sh 94 for the next one month up from Sh91.56. The pump price of diesel has also increased by Sh0.05 to Sh82.17.
The price of kerosene, which is consumed by most poor households for lighting and cooking, increased the most at Sh3.45 per litre in the monthly review by the Energy Regulatory Commission.
The reprieve for consumers, however, is that prices of cooking gas have reduced drastically following a waive in taxes in the budget allocation.
According to ERC, the rise in prices has been occasioned by a global surge in crude prices even as the shilling remained stable against the dollar.
“September-October crude prices went up so did the landed costs,” said ERC acting director of petroleum Edward Kinyua in a statement.
ERC said a tonne of petrol rose by 8.12 per cent month-on-month to $518.23 (Sh52,543) in October, diesel by 0.01 per cent to $435.46 (Sh44,151) while kerosene’s rose 10.68 per cent to $479.30 (Sh48,596).
Kenya solely relies on imports for petroleum products and has an average consumption of 130 million litres of petrol monthly and 200 million litres per month for diesel.