The price of fuel in Kenya will remain unchanged for the second straight month as the government digs into the fuel subsidy to retain the current prices.
The Energy and Petroleum Regulatory Authority (EPRA) on Sunday announced fuel prices will remain the same for the next month crediting the government subsidy for helping Kenyans save some money at the pump.
EPRA Director General Daniel Kiptoo said without the subsidy, Kenyans would be paying Ksh.214.03 per litre in Nairobi instead of the current Ksh.159.12, a Ksh.54.91 difference.
“The applicable pump prices for this cycle have been maintained as the ones applicable in the immediate previous cycle. The government will utilise the Petroleum Development Levy to cushion consumers from the otherwise high prices,” said Mr. Kiptoo.
In July, fuel prices went unchanged for the first time in five months as the government allocated a further Ksh.16.7 billion to the fuel stabilisation mechanism.
“It is notified that his Excellency the President has today authorized an additional fuel subsidy of Ksh.16.7 billion so as to cushion Kenyans from a further increase in fuel prices. With today’s presidential action, diesel will continue to retail at Ksh.140, petrol at Ksh.159.12 and kerosene at Ksh.127.94,” stated State House Spokesperson Kanze Dena Mararo.