Energy Cabinet Secretary (CS) Davis Chirchir has lamented that there is nothing the government can do to reduce current high fuel prices.
Speaking when he appeared before the National Assembly’s Energy Committee, he said that the skyrocketing prices are due to volatility in the global crude oil market predicting tougher times ahead.
“We are dealing with several governments and the suppliers of these products. We are likely to be going to even harder times. There is nothing much we can do about it. It is just unfortunate that we do not have our own products,” he said.
This comes hours after the Energy and Petroleum Regulatory Authority (EPRA) revised upwards fuel prices for petrol, diesel, and kerosene by Kes 16.96, Kes 21.32, and Kes 33.13, respectively.
Currently, a liter of petrol, diesel, and kerosene retail at Kes 211.64, Kes 200.99, and Kes 202.61 per liter, respectively, in the country’s capital
“The average landed cost of imported Super Petrol increased by 4.80% from US$739.21 per cubic metre in July 2023 to US$774.67 per cubic metre in August 2023; Diesel increased by 12.52% from US$701.99 per cubic metre to US$789.89 per cubic metre while Kerosene increased by 19.79% from US$690.58 per cubic metre to US$827.26 per cubic metre,” EPRA said in a statement yesterday.
