Epra taps fund to keep pump prices unchanged
Kenya’s energy regulator has tapped into the Petroleum Development Fund to cushion motorists from higher pump prices for the next one month starting August 15th. As a result, pump prices across Kenya remain unchanged with Super Petrol, Diesel, and retailing at Kes194.68, Kes179.67, and Kes169.48 respectively.
Without tapping into the fund, pump prices in Nairobi would have been Kes202.01, Kes183.26 and Kes175.22 for petrol, diesel and Kerosene respectively until September 14.
In order to cushion consumers from the spike in pump prices as a consequence of the increased landed costs, the Government has opted to stabilise pump prices for the August-September pricing cycle,” the Energy and Petroleum Regulatory Authority noted.
With inflation often influenced by fuel prices, EPRA’s move seeks to alleviate some of the financial anxieties faced by Kenyans over possible increases in the price of basic commodities.
