Blow for Motorists as Fuel Prices Rise in Latest ReviewNovember 15, 2019
Fuel and petroleum products consumers will feel the pinch of higher prices from Friday night following the latest review of fuel prices for November.
The Energy and Petroleum Regulatory Authority (EPRA) on Thursday, November 14, announced an increase in prices by an average of Sh2.72 per litre.
Starting today, petrol and diesel prices have increased by Sh2.54 and Sh2.65 per litre respectively. Kerosene users, who haven’t enjoyed any notable relief in recent months, will face a Sh2.98 jump in prices.
Following the review, a litre of petrol in Nairobi will retail at Sh110, diesel Sh.104.61 and Kerosene at Sh104.06.
EPRA attributed the rise in prices to the increased cost of fuel imports which rose by an average 1.9 percent across the month of October.
Last month, Petrol retailed at diesel retailed at Sh101.96, petrol at Sh108.05 per litre, and Kerosene at Sh101.08 in Nairobi.
The rise in petroleum costs is expected to push up inflation during the month to a likely three-month high pilling new pressure on consumer spending.
Ⓒ 2019 Nairobi Wire