ERC Increases The Price Of Petroleum Products
Kenyans will have to dig deeper for petroleum products as the Energy Regulatory Commission (ERC) has increased prices of petroleum products.
In a statement, ERC says that the price of super petrol will go up by Ksh2.38, diesel by Ksh3.11 and kerosene by Ksh2.99 per litre. This is inclusive of the 8 per cent Value Added Tax (V.A.T) as provided by the Finance Act 2018.
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As a result, super petrol will retail at Ksh118.11, diesel Ksh112.83 and Kerosene Ksh111.83 in Nairobi.
“The changes in this month’s prices have been as a consequence of the average landed cost of the imported Super Petrol increasing by 4.02% from US$729.04 per ton in September 2018 to US$ 758.34 per ton in October 2018,” reads the statement from ERC Director General Pavel Oimeke.
“Diesel increasing by 5.84% from US$ 700.41 per ton to US$ 741.33 per ton and Kerosene increasing by 5.80% from US$ 721.64 per ton to US$ 763.47 per ton.”