Kenyan households fueled by Kerosene hit hard as price of essential commodity goes up
Kenyans households that use kerosene for fuel will now dig deeper into their pockets after the Energy Regulatory Commission (ERC) announced an sharp increment in the price of the commodity.
The commission has announced that effective Sunday the price of a litre of kerosene will cost Sh3.10 more.
In a press statement on Saturday ERC announced that a litre of kerosene will from Sunday cost Sh87.21 in Nairobi, up from Sh84.10.
“In the pump prices published on June 15, the ERC did not factor the increase of Sh3.10 per litre in excise duty for Kerosene as proposed under the Finance Bill 2018,” ERC Director General Robert Oimeke said in the statement.
PRESS RELEASE : ADDENDUM TO THE MAXIMUM RETAIL PETROLEUM PUMP PRICES PUBLISHED ON 15TH JUNE 2018.
In the pump prices published on 15th June 2018, ERC did not factor the increase of Sh 3.10 per litre in excise duty for Kerosene as proposed under the Finance Bill 2018. ^GN pic.twitter.com/5dAr7fFx3P
— Energy Regulator KE (@energy_ke) June 30, 2018
FUEL PRICE REVIEW
“As a result, the Commission has recalculated the maximum pump prices for Kerosene that will be in force from 1st July to 14th July 2018 taking into account the additional excise duty. The increased duty takes effect on 1st July 2018,” he added.
The rising cost of energy was among key drivers of inflation from the 3.95 percent recorded in May, according to data released on Friday by the Kenya National Bureau of Statistics (KNBS).
Poor, rural households were the biggest losers in the June fuel price review when the ERC announced that they would pay Sh5.88 more for kerosene.
The costs of super petrol and diesel also went up, by Sh1.64 and Sh4.96 respectively. The pump prices for super petrol and diesel will remain as announced in June.