The Energy and Petroleum Regulatory Authority (Epra) on Thursday, September 15, reviewed fuel prices in Kenya.
The review saw the pump price of fuel cross the KSh 200 mark; the highest ever price to be recorded in the history of the country.
In the review, the price of petrol is up by almost KSh17 per litre while that of diesel has increased by about KSh21.32 per litre while Kerosene increased by a whopping KSh33.13 per litre
In what appears that Kenyans will continue bearing the consequences of high fuel prices, Energy Cabinet Secretary Davis Chirchir on Friday, September 15, said that there is nothing much the Kenya Kwanza government does to bring down the cost of fuel.
Appearing before the National Assembly’s Departmental Committee on Energy, the CS instead asked Kenyans to brace themselves for tougher times since the government can’t avert the situation.
“We are dealing with several governments who are the suppliers of these products and we are likely to witness even harder times because these are prices presented by the Organization of the Petroleum Exporting Countries and there is nothing much we can do,” Chirchir said.
Chirchir stated that the Organization of the Petroleum Exporting Countries (OPEC) has cut down its global oil production by about 3.6 million barrels daily, thereby affecting the availability and pricing of the commodity.
“There has been some 3.6 million barrels cut on a daily basis about 3.6 to 4 per cent and it is just unfortunate that we do not have our own product,” he added.
He also cited the protracted Russia – Ukraine war as another factor likely to lead to a spike in fuel costs.