Kenya has maintained the price of petrol for the next one month, effective November 15 to December 14, 2023 period, while the prices of diesel and kerosene have reduced by Ksh2.00 each ($0.013) for a litre of the commodities.
The Petroleum Regulatory Authority (EPRA) on Tuesday announced that the average landed cost of petrol increased by 2.81%, while diesel went up by 3.28%.
Kerosene, on the other hand, increased by 6.31%.
“In order to cushion consumers from the spike in pump prices as a consequence of the increased landed costs, the government has opted to stabilise pump prices for the November-December 2023 pricing cycle,” EPRA said in a statement posted on X formerly Twitter.
“The National Treasury has identified resources within the current resource envelope to compensate oil marketing companies,” EPRA added.
The East African nation imports all its petroleum products in refined form.
Following the latest update, a litre of petrol in the port city of Mombasa, where fuel lands upon shipping, remains at Ksh214.30 ($1.41).
Diesel will retail at Ksh200.41 ($1.32), while kerosene will go for Ksh199.99 ($1.32).
In the capital Nairobi, a litre of petrol under the new pump price guidelines is Ksh217.36 ($1.47), diesel Ksh203.47 ($1.34) and kerosene Ksh203.06 ($1.34).
The fuel prices in Nairobi are almost identical to the charges in Kenya’s third city Kisumu, fourth city Nakuru, and a major town in Rift Valley, Eldoret.
Mandera, a county located near the Kenya-Somalia border and is 1,025 kilometres northeast of the capital Nairobi, has the highest fuel prices under the new review by EPRA, with a litre of petrol going for Ksh231.36 ($1.52), diesel Ksh217.47 ($1.43) and kerosene Ksh217.06 ($1.43).