Fuel prices in Kenya hit record high

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EPRA revealed that it had removed the premium fuel subsidy while reserving diesel and kerosene subsidies to some extent.

The price of premium petrol, generally used by private motorists, will rise from 160 shillings to 179 shillings. While the price of diesel, mostly used by transporters and industries, will cost 165 shillings in the capital, Nairobi. Kerosene which is used in low income households would cost 145 shillings.

In Mombasa, a liter of petrol, diesel and kerosene will cost Ksh176.98, Ksh162.76 and Ksh145.69 respectively.

In Nakuru, the price of a liter of petrol will go to 178.62 Ksh, a liter of diesel will be sold at 164.83 Ksh and kerosene at 147.79 Ksh.

Some regions, including Lamu, Laisamis, Meru, Mtito Andei, Elwak, Mandera, Kericho, Kisii, Nyamira, Homa Bay, Migori, Busia and Kimilili, are said to experience the highest prices, between Ksh 180 and Ksh 192.

The abolition of the fuel subsidy is in accordance with the decree of the new administration. The newly sworn in president, President William Ruto, had raised concerns about the fuel subsidy, calling it ineffective and unsustainable.

“If the subsidy continues until the end of the fiscal year, it will cost taxpayers Ksh 280 billion, equivalent to the entire national government development budget,” Ruto noted.

The brunt of the president’s directive is being felt by the Kenyan Transporters Association KTA, which has expressed dissatisfaction with the removal of the fuel subsidy.

The removal of the subsidy was not welcomed when the president made the announcement during his inaugural speech. Kenyans fear that the immediate effect of this will be an increase in the cost of living, as fuel consumption directly determines the pace of any savings.

“Any increase in fuel costs, directly and indirectly, leads to an increase in the prices of essential goods consumed and services rendered for the common hustler. We call on the new administration to continue to protect citizens by continuing to subsidize fuel even government revenue shortfall,” KTA said.

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