NAIROBI (Xinhua) --
Kenya’s energy industry regulator on Thursday increased retail
prices for diesel, super petrol and kerosene by different price
margins in the latest review for December to mid-January 2018.
Regulatory Commission (ERC) said the hike was due to global
crude prices which went up in the international market during
the period of cargo importation.
Director-General Robert Pavel Oimeke said the prices of super
petrol per liter will rise to 1.04 U.S. dollars, diesel to 0.92
dollars and to 0.71 dollars for kerosene, mainly used by many
households for lighting and cooking.
“The changes in this
month’s prices have been as a consequence of the average landed
cost of imposed super petrol increasing by 4.21 percent from
610.50 dollars per ton in October to 636.63 dollars per tonne in
November,” Oimeke said in a statement issued in Nairobi.
He said the landed
cost of imported diesel increased by 0.55 percent from 540.66
dollars per tonne in October to 543.63 dollars in November and
kerosene increased by 3.58 percent from 559.58 dollars per tonne
in October to 579.64 dollars in November.
The Free On Board
(FOB) price of Murban crude oil lifted in November was posted
63.65 dollars per barrel, an increase of 9.55 percent from 58.10
dollars per barrel in October.
Analysts say the new
prices will mainly hurt motorists who depend on petrol and
diesel for transport and low-income earners who heavily rely on
kerosene for cooking.
Fuel prices have a
significant impact on inflation in an economy which depends
heavily on diesel for transport, power generation and
agriculture, while kerosene is used in many households for
lighting and cooking.