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by Sydney
Political Cartoonist and Commentator


Sydney

Oct 30, 2020

Kerosene up, Diesel and Petrol Price down


The Kenyanpost news

Following the announcement, the retail price of super petrol will from midnight go up to Sh107.27 per litre in Nairobi over the next one month up from Sh106.55. Diesel will retail at Sh92.91 per litre in Nairobi down from Sh95.09 previously. Kerosene's price will remain at Sh83.73 per litre.


In the month of September the cost of diesel went  down by KSh 0.12 to KSh 94.51 while that of kerosene has dropped by KSh 0.50 to KSh 83.15 as petrol went up

 

“The Free on Board (FO) price of Murban crude oil lifted in September was posted at Sh4 753 ($42.35) per barrel, a decrease of 7.41 per cent from Sh4 939 ($45.74) per barrel in August 2020,” said Epra.

“Over the same period, the mean monthly US Dollar to Kenya Shillings exchange rate depreciated by 0.62 per cent from Sh107.93 per US Dollar in August to Sh108.9 per US Dollar in September 2020.”

“The price of kerosene remains unchanged since no cargo was discharged at the port of Mombasa between September 10 and October 9, which is the pricing period defined by the Legal Notice No. 26 of 2012.”

Fuel prices went up at the beginning of this month after the Kenya Revenue Authority increased the excise duty charged on petroleum products. In a review of the price capping guide issued mid-September, Epra early this month increased the retail price of super petrol by Sh1, and while that of diesel and kerosene went up by 50 cents respectively.

KRA reviewed excise duty rates on a range of products including petroleum products to take into account inflation, pegged at an average rate of 4.96 per cent over the 2019/20 financial year.

 

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