The latest fuel price review has seen the price of super petrol increase by KES 6.31 to retail at KES 115.26, diesel increase by KES 5.04 to retail at KES 106.11 and kerosene increase by KES 6.36 to retail at KES 86.01. Based on the price rise, Kenyans will have to bear with the following for the next one month.
The new prices are set to have an impact on poor households as they depend on Kerosene for cooking and heating. From the previous oil prices, KES 500 would get you about 6.28 litres of kerosene in Nairobi, with the current prices you will get about 5.81 litres of kerosene, translating in about 0.47 litres less.
The cost of transport is bound to rise as motorists will be forced to dig deeper in their pockets in order to fuel their cars. The cost of diesel and super petrol increased by KES 5.04 and KES 6.31 respectively, meaning. KES 5,000 previously got you 45.89 litres of super petrol; with the price increment you will get 43.38 litres from the same amount of money, translating in about 2.51 litres drop in the amount of fuel you get.
Your electricity bill will also increase this month following the increase in fuel prices. As posted in The Standard, Kenya Power has adjusted the fuel cost and forex component of electricity bills upwards. Consumers will be required to pay KES 6.08 per kilowatt hour in fuel costs up from the current KES 5.99. The forex element will also increase to KES 2.24 per unit from KES 1.44.
Households in Kenya will be forced to dig a little bit deeper this month in order to make ends meet.
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