Petrol prices have increased for the second month in a row on rising global oil prices. The Energy Regulatory Commission has announced the increase of petrol by sh1.92 a litre to now stand at sh86.17 in Nairobi while diesel, which is mainly used to power trucks, buses and industrial machinery, has increased by sh3.34 to now cost at 73.71 a litre. Kerosene, is up by sh3.82 to sh50.80. The new pump prices which took effect starting midnight will be in place for the next one month.
ERC says the increase is a result of increase in prices of crude oil in the oil exploring countries. Motorists should be prepared to dig deeper into their pockets with the expected coming into effect of a higher road maintenance levy that treasury raised from sh12 per litre of diesel or petrol to sh18 in the budget for the financial year starting July.
Kerosene users will bear the cost burden of sh7.20 a litre that has been introduced as excise duty to discourage oil marketers from mixing it with diesel in pursuit of higher margins.