By Kamadi Amata
Fuel prices have hit a new all-time high following the rolling back of the fuel subsidy by the government.
As such, a litre of petrol is expected to cost Ksh.179.30 in the Capital Nairobi from Ksh.159.12, an increase of Ksh.20 per litre from the last review on August 14. This follows the complete elimination of subsidies on petrol.
Meanwhile, diesel from Thursday cost Ksh.165 from Ksh.140 in August while a litre of kerosene will retail at Ksh.147. 94 in contrast to Ksh.127.94 previously.
Fuel subsidies have been partially retained for diesel and kerosene at Ksh.20.82 and Ksh.26.25 respectively.
The significant price jumps have been occasioned primarily by the withdrawal of the petrol price stabilization mechanism or the fuel subsidy which has previously cushioned Kenyans from higher fuel prices.
The prices are inclusive of 8 per cent Value Added Tax (VAT).
The hike in fuel prices follows removal of fuel subsidy on petroleum products by President William Ruto’s government as earlier communicated.
The changes in fuel prices take effect immediately.
