Fuel prices will remain unchanged for the next one month as the government subsidises consumers following a spike in the cost of imported fuels in the international markets.
In a statement released by EPRA, the cost of fuel prices remain unchanged for the second month running.
EPRA Director General Kiptoo Bargoria, while announcing the decision yesterday, said the maximum pump price for a litre of Super Petrol will be Sh129.72, Sh110.60 for Diesel and Sh103.54 for Kerosene.
“The government will utilise the Petroleum Development Levy to cushion consumers from the otherwise high prices,” the statement read in part.
The regulator said the retention of prices fixed since the October-November adjustment was informed by the use of the fuel subsidy fund to cushion consumers from the otherwise high prices.
He said without the fund, pump prices would have increased significantly with a litre of super petrol costing Sh18.32 more, diesel Sh21.89 and kerosene Sh23.53 more.
In Mombasa, the maximum pump price for a litre of petrol, diesel and kerosene was capped at Sh127.46, Sh108.36 and Sh101.29 respectively.
The pump price for a litre of petrol in Kisumu was capped at Sh130.12, diesel Sh111.30 and kerosene Sh104.26.
Had the state failed to put in place subsidy, the retail price of the three petroleum products whose prices are regulated would have increased to a historic high.