The Energy Regulatory Commission (ERC) has increased the price of Super Petrol by Sh1.92 per litre, Diesel Sh3.34 per litre and Kerosene by Sh3.82 per litre.
This is after the Commission calculated the maximum retail pump prices of petroleum products that will be in force from 15 June to 14 July 2016, in accordance with Legal Notice No.196 of 2010 on The Petroleum Pricing Regulations.
“This was a consequence of the average landed cost of imported Super Petrol increasing by 3.64 per cent in April 2016. Further, the average landed cost of imported Diesel during the period increased by 9.19 per cent. In addition, the average landed cost of imported Kerosene increased by 12.63 per cent,” ERC said in a statement on Tuesday.
The prices link the poor Kenyan using kerosene for cooking
and lighting to the Sh2.26 trillion 2016/2017 Financial Year budget after Treasury Cabinet Secretary Henry Rotich announced that Kerosene prices will be increased.
The CS proposed reintroduction of the excise duty on Kerosene which was scrapped in 2011, at a rate of Sh7,205 for every 1,000 litres.
This raised Sh7.21 additional levy per litre.
The Cabinet Secretary also blamed the soon to be increased Kerosene prices to cases of diesel adulteration by unscrupulous dealers.
He said adulterated diesel has denied oil marketers business
in the neighbouring countries, besides giving them a bad reputation.
As a result, the government seeks to encourage low-income families to switch to the use of cleaner cooking gas after Rotich slashed duty on gas stoves and electric cookers to 10 per cent from 25 per cent.