OnDemand WTP Pricing Research

Fresh blow to consumers as fuel pump prices rise | The Standard

Consumers are staring at a fresh surge in the cost of living after the regulator sharply increased the price of fuel.

According to the latest monthly fuel pump price review released by the Energy Regulatory Commission (ERC) yesterday, motorists will now pay Sh112 for a litre of petrol in Nairobi.

This is an increase of Sh5.43 from last month.

The increase means the price of the commodity has edged up closer to the highs seen last September following the introduction of the controversial Value Added Tax (VAT) on petroleum products.

Consumers of diesel, a major component in the manufacturing and transport sectors, have also not been spared, with a litre of the fuel now retailing at Sh104.37, an increase of Sh2 from previous month’s pricing.

Kerosene, commonly regarded as the poor man’s fuel for lighting and cooking, has also gone up by Sh2.24 and will now retail at Sh104.62 per litre in the capital.

The net effect of the latest fuel pump price hike is a likely spike in the cost of goods as well as fares charged by Public Service Vehicles.

Read complete article here:

Fresh blow to consumers as fuel pump prices rise : The Standard.