In a recent announcement, the Energy and Petroleum Regulatory Authority (EPRA) has unveiled a substantial increase in fuel prices, which will take effect immediately.
The cost of petrol has surged by Ksh 5.72 per liter, reaching a staggering Ksh 217.36. Diesel prices have also witnessed a significant leap, now standing at Ksh 205.47, while Kerosene follows closely behind at Ksh 205.06 per liter.
This sudden and substantial increase in fuel prices has sent shockwaves through Kenya, leaving its citizens to grapple with the consequences.
The decision arrives at a time when economic recovery is of paramount importance, particularly with inflation already exerting pressure on households. The immediate impact of this fuel price hike will be borne by motorists, who will now need to allocate more funds to keep their vehicles running.
Furthermore, it is likely to create a ripple effect on transportation costs and, subsequently, consumer goods, given the pivotal role fuel plays in the supply chain.
EPRA attributes this surge to fluctuating global oil prices and the weakened position of the Kenyan shilling, but the timing and scale of this increase have raised questions. Critics argue that it may worsen economic disparities, disproportionately affecting those with lower incomes.
As public discontent continues to grow, this fuel price hike has ignited a nationwide debate concerning energy policies, inflation, and its impact on the lives of ordinary citizens. The government and EPRA will undoubtedly face mounting pressure to address these concerns and explore measures to alleviate the burden on Kenyans.
