The Energy Regulatory Commission (ERC) has today announced the new retail pump prices that will take effect from 15th July 2016 for super petrol, diesel and kerosene.
In this month’s review, ERC has factored KShs. 6 per litre in additional Road Maintenance Levy for both super petrol and diesel in line with the Road Maintenance Levy Fund (Imposition of Levy) (Amendment) Order, 2016.
Furthermore, the average landed cost of imported Super Petrol increased by 3.03% from US$ 490.18 per ton in May 2016 to US$ 505.02 per ton in June 2016. Diesel increased by 11.15% from US$ 409.02 per ton to US$ 454.63 per ton and Kerosene increased by 2.53% from US$ 468.28 per ton to US$ 480.12 per ton.
Taking into account the weighted average cost of imported refined petroleum products, the maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol increases by KShs 6.76 to KShs. 92.93 per litre, Diesel increases by KShs 9.53 to KShs. 83.24 per litre while Kerosene increases by KShs 3.41 to KShs. 61.45 per litre.
The purpose of the fuel pricing regulations is to cap the pump prices of the products which are already in the country so that the importation and other prudently incurred costs are recovered, while ensuring reasonable prices to consumers.