Fuel prices will from Tuesday increase marginally moving in tandem with the global crude oil prices which increased by 1.66% that’s between January and February.
The maximum prize adjustment for all marketers and retailers allowed is Ksh 0.78 per litre for super petrol, Ksh 1.17 for diesel per litre and Ksh 0.77 per litre for kerosene.
Between January and February this year the prices of refined petroleum products in the world market went up by 1.4% for super petrol, 2.7% for diesel and 1.9% for kerosene. This light increase will be felt by Kenyans at the pump despite the appreciation of the Kenya shilling over the same period which helped to mitigate the magnitude of the price change.
“In this month we have used an average exchange rate of Ksh 103.41 per 1USD as compared to 103.88 per 1USD that was used in the month of February 2017 this marks a current appreciation of 0.47 in the period under review.” Paviel Oimeke, the Energy Regulatory Commission Director General complemented.
With drought facing certain parts of the country, some hydropower stations have had to scale down their output leaving the Energy Regulatory Commission with little choice but to sanction the use of a more expensive system of power generation.
To safeguard the reliability of Kenya sufficiency in Energy production, the country will need to leverage on the mandate of east African power pool which was established in 2005 to encourage interconnectivity of power system within the common market for eastern and southern Africa region.