ERC raises kerosene price by Sh7.2

A pump attendant sells fuel at a petrol station. The ERC has increased the price for kerosene by Sh7.2. 

Even before kerosene consumers could settle with the price that was announced last week, the Energy Regulatory Commission made a U-turn and increased the price of kerosene by Sh7.2

In  a statement, ERC said it had not factored in the increase of Sh7.205 per litre in excise duty in its prices which were released on June 14.

"The increased duty took effect from June 10, 2016, a period which fell outside the period considered by the commission in the determination of petroleum prices as per the provisions of energy regulations (Petroleum Pricing) 2010," said the ERC notice.

According to the new changes, kerosene will now retail at Sh55.20 in Mombasa, Sh.58.04 in Nairobi, Sh58.93 in Nakuru and Sh60 in Eldoret and Kisumu.

According to ERC General Director Joseph Ng'ang'a, the pricing regulations stipulate that in determining the maximum retail pump prices, the commission shall use costs and volumes of cargoes arriving in the country between the 10th of the previous month and the 9th of the pricing month.