- Petrol prices to increase by KSh 7.80 per litre.
- Energy regulator Epra revises margins for oil marketers.
- Retailers’ margins up by KSh 4.59 per litre, financing surcharge increased by KSh 0.69.
- Wholesale and transport margins also adjusted upwards.
- Fears of inflation as fuel costs rise.
Motorists will soon pay more for petrol, following a decision by the Energy and Petroleum Regulatory Authority (Epra) to increase margins for oil marketers. The adjustment will see pump prices rise by KSh 7.80 per litre, raising concerns over potential inflationary effects.
According to Epra, the new pricing formula will boost retailers’ margins by KSh 4.59 per litre, while the financing surcharge will increase by KSh 0.69. This makes oil marketing companies the biggest winners in the latest review.
Increase in Wholesale and Transport Margins
The regulator has also adjusted other cost components, further contributing to the price surge.
- Wholesalers’ margins per litre of petrol have gone up by KSh 1.64.
- Transport margins have increased by KSh 0.64 per litre.
- Tariffs for secondary storage have also been revised upwards by KSh 0.235 per litre.
The price review, which factors in dealer costs and profit margins, is expected to put pressure on consumers as fuel costs influence overall inflation.
