Consumers will continue paying the same amount for fuel following the latest review by the Energy and Petroleum Regulatory Authority (EPRA).
EPRA released the new calculations on Tuesday, indicating that the pump prices of Super Petrol, Diesel and Kerosene will remain unchanged.
The pricing also indicated that marketers will be fully compensated for their margins of Sh12.39 per litre of super petrol and Sh12.36 for diesel and kerosene.
The fuel subsidy will see the prices of a litre of diesel and petrol retail at a maximum of Sh110.60 and Sh129.72 respectively in Nairobi while that of kerosene will continue retailing at Sh103.54.
The subsidy has saved consumers from a Sh18.32 rise for a litre of petrol, Sh21.89 and Sh23.53 for the same quantity of diesel and kerosene respectively, which would have sent the prices of the three commodities to the highest level ever of Sh148.04 for petrol, Sh132.49 for diesel and Sh127.07 for kerosene.
“Despite the increase in the landed costs, the applicable pump prices for this cycle have been maintained as the ones in the previous cycle. The government will use the Petroleum Development Levy to cushion consumers from the otherwise high prices,” said Epra Director-General Daniel Kiptoo.
The prices will be in force from December 15, 2021, to January 14, 2022.