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Petrol Price go up by a big margin amid economic challenges

In the latest pump price review by The Energy and Petroleum Regulatory Authority (EPRA), motorists will from tomorrow 15th July 2020 pay higher for a litre of petrol from the current sh89.10 to Sh100.48 in Kenya’s capital Nairobi. Diesel will sell at Sh91.87, up from the Sh74.57 per litre.

Kerosene will sell at Sh2.98 higher from the Sh62.46 per litre even though the product was not imported in the May/June cycle.

“The changes in this month’s prices are as a result of the average landed cost of super petrol increasing from $248.21 per cubic metre in Mayu 2020 to $279.58 per cubic metre in June 2020, and Diesel increasing from $228.62 per cubic metre to $302.15 per cubic metre to $126.39 per cubic metre,” EPRA Director General Pavel Oimeke said in a press statement.

Notably, the Sh11.38 increase on every litre of petrol and Sh17.3 for diesel represent the biggest jump in price since January 2007, higher than the Sh13 per litre rise for diesel and Sh 8.78 rise in petrol prices witnessed in April 2011 when the shilling was highly depressed due to heavy importation.

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