Energy and Petroleum Regulatory Authority (EPRA) is now planning to increase fuel prices with additional charges now looming for consumers. The new adjustments are expected to directly impact both the retail price of petrol and the operational costs of oil dealers.
After this adjustment, the petrol prices will shoot up by Sh7.80 per litre. This increment seeks to cover rising costs for oil marketers and transporters. However, the adjustments are set to be implemented gradually.
This is how petrol prices are set to vary for retailers, wholesalers and transporters after the adjustments:
- 1Retailers to get Sh4.6 more per litre
- Wholesalers to get Sh1.6 more
- Transporters to get Sh0.6 more
- Storage costs to rise by Sh0.2
- Financing costs to increase by Sh0.7
The new rates could push pump prices higher in the next review as distribution costs rise.
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