- The Energy and Petroleum Regulatory Authority (EPRA) clarified that the prices of three petrol products reached more than KSh 200 per liter following a poster that went viral on Wednesday, April 1
- This came after the poster claimed that prices were adjusted to reflect the increased cost of importing oil, a situation fueled by ongoing geopolitical tensions in the Middle East.
- The energy regulator noted that higher retail prices are announced in accordance with Article 101(y) of the Petroleum Act of 2019 and Legal Announcement No. 192 of the year 2022
The Energy and Petroleum Regulatory Authority (EPRA) has responded to claims that it has increased the price of petrol, diesel and kerosene.
Source: Facebook
EPRA responded to a poster that went viral on Wednesday, April 1, claiming that it has increased the prices of the three petrol products to more than KSh 200 per litre.
Which oil ad went viral in Kenya?
A poster shared by Kenyans on social media, claiming to be from EPRA, said the authority has reviewed fuel prices for the period from April 1 to April 14 due to rising international costs.
The announcement indicated that prices were adjusted to reflect the increase in the cost of importing oil, fueled by ongoing political and military tensions in the Middle East.
These include the escalation of the conflict involving the United States (US), Israel and Iran, as well as disruptions in the world’s oil supply lines following the blockade of the Strait of Hormuz.
“EPRA has calculated the high retail prices of petrol products. Petrol will be sold at KSh 259.60, diesel KSh 240.80 and kerosene KSh 209.40,” it said.
What did EPRA explain about fuel prices?
The energy regulator denied allegations that it has increased fuel prices from April 1.
EPRA said that an online poster claiming that prices had been changed was false.
The authority added that it publishes the official oil price schedule every 14th of every month for the next cycle, according to Article 101(y) of the Petroleum Law of 2019 and Legal Announcement No. 192 of the year 2022.
“The poster circulating online that EPRA has changed fuel prices is false. Under Section 101(y) of the Petroleum Law of 2019 and Legal Notice No. 192 of 2022, EPRA announces the schedule of fuel prices for the following month every 14th of every month,” it explained.
What are the prices of crude oil?
The Central Bank of Kenya (CBK) noted recent financial trends and monetary policies in the world, explaining that the blockade of the Strait of Hormuz between Iran and the Arabian Peninsula has caused ongoing challenges to keep global oil prices high.
The price of Murban crude oil increased from US$95.91 (KSh 12,458.71) per barrel on Wednesday, March 18 to US$97.99 (KSh 12,728.90) per barrel on Thursday, March 26, according to CBK.
However, the Iranian Embassy in Kenya said that the country continues to be committed to ensuring the safety of maritime trade.
Source: Twitter
What are the fuel prices in Kenya?
According to some oil marketing companies in Kenya, some of their stations have run out of fuel.
Vivo Energy Kenya, a distributor and seller of Shell products, also reported fuel shortages at major petrol stations across the country.
Kerosene is sold for KSh 152.78 in Nairobi, diesel KSh 166.54, and petrol KSh 178.28.
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