Kenyan Economy

Pain at the pump: Kenyans to pay more for fuel beginning midnight today

Fuel prices will sharply increase from today based on the prices released by ERC. Image/courtesy

The fuel price review for the price of February has been met by Kenyans with pain and anger. Earlier today, the energy and regulation announced a steep rise in fuel in the country with Petrol, Diesel & Kerosene increasing prices by Kshs.8.19, Kshs.5.51 & Kshs 5.32 per litre.

Kenyans have received these new prices with anger at the government especially with the effect of the same on the cost of living.

It is important to note that fuel is a major factor of production in Kenya, meaning that a rise in prices of petroleum products will automatically reflect at the till.

Five thugs that have been terrorizing digital cab drivers arrested in Nairobi

Some of the vandalized vehicles that were recovered by DCI officers. Image/courtesy

Analysts have conceded that the high price of petrol is due to high government taxation, with close to half the price of petroleum products being taxes.

Cotu secretary General Francis Atwoli had earlier asked the government to consider lowering the price of petrol, especially doing away with the new rates, or else workers in Kenya would go on strike.

The Central Organization of Trade Unions(COTU) secretary-general Francis Atwoli has condemned the Energy and Petroleum Regulatory Authority (EPRA) for its decision to adjust prices upwards for petroleum products by an all-time high

In a statement, Atwoli says many Kenyans are facing the most difficult moments in their life owing to the hard economic times the country is facing due to the Covid-19 pandemic.

“It is outrageous and insensitive for the Authority to allow for increases of up to Ksh8.19, Ksh5,51 and Ksh5.32 per litre for Super Petrol, Diesel and Kerosene respectively when such move will automatically lead to increased prices on consumer products across all Kenyans as well as transport costs where workers will be at pain to bear the extra costs in fares and fueling of their vehicles,” the Cotu boss stated