Fuel prices in Kenya are expected to drop ahead of the Energy and Petroleum Regulatory Authority (EPRA)’s monthly review on Thursday.
Kenya’s energy regulator revises fuel prices on the 14th day of every month and Thursday’s review comes in the backdrop of President William Ruto’s announcement last month pointing to a fall in December.
Speaking in Ndia, Kirinyaga County on November 18, Ruto said the government was taking the right measures to ensure fuel prices go down further every subsequent month.
“We have looked for ways to ensure fuel prices do not go past a certain point, many Kenyans will suffer,” the Head of State said in regards to the November review.
“The prices will reduce further next month and more and more in the following months. Until we ensure we can run our economy appropriately,” Ruto added.
In EPRA’s November 14 review, the price of super petrol remained at a high of Ksh.217 but the price of diesel and kerosene was slightly reduced by Ksh.2 per litre to Ksh.203.47 and Ksh.203.06 respectively in Nairobi.
EPRA’s prices raised concern as the international cost of fuel has been fluctuating over the last six months, falling drastically to USD 804 per metric ton in October – the lowest since May this year – yet the decline is yet to be reflected in Kenya.
In previous announcements, every increment in landed cost has been matched with a pump price increment while an international price decline has been matched with a local pump price decline at least in the subsequent month.
Earlier this week, a petition was filed seeking to stop EPRA from reviewing fuel prices upwards.
The legal services NGO Kituo cha Sheria wants the court to issue conservatory orders to stop the increase in fuel prices by the energy regulator.
The case is yet to be determined.
