EPRA Announces Drop in Fuel Prices

Petroleum and Mining Cabinet Secretary John Munyes during the vetting by the National Assembly Committee in March 2019.
  • The Energy and Petroleum Regulatory Authority (EPRA) has released fuel prices for the period between Friday, October 15 and Sunday, November 14.

    In the pricing index released on Thursday, October 14, 2021, EPRA noted that the prices of petrol and diesel dropped by Ksh5 and kerosene dropped by Ksh7.28 per litre for the next 30 days.

    The new prices for petrol will retail at Ksh129.72 in Nairobi while diesel prices dropped to retail at Ksh110.60. Kerosene, on the other hand, will retail at Ksh103.54.

    Kenyans had expressed anger in the recent past after EPRA released fuel prices for the month of September. 

    The announcement saw the prices of petrol, diesel and kerosene increase by as much as Ksh7 per litre. This caused an uproar with Kenyans taking to social media to urge the government to reduce the prices.

    Various politicians such as Orange Democratic Movement (ODM) party leader Raila Odinga and Interior CS Fred Matiang’i broke their silence over the matter- assuring Kenyans that the prices would be reduced.

    “I assure you that the fuel prices will go down this coming week,” Raila stated on Saturday, October 2, in Bungoma County.

    Petroleum Cabinet Secretary, John Munyes, while appearing before the Senate, clarified that the prices would not drop due to external factors- pointing out that the costs were determined by a formula.

    “The cargos will close on October 10, 2021, and therefore, it is at that time that we will know whether they are going up or down. So it is not rocket science. It is not something that I can say I will do because it is a formula that determines the price,†Munyes stated.

    Petroleum and Mining Cabinet Secretary John Munyes during the vetting by the National Assembly Committee in March 2019.
    The Standard
  • Source: KENYAGIST.COM