When fuel prices in Kenya go up, everyone is affected. Those going to work, those travelling, those transporting goods and those buying these goods. It’s quite the pyramid with the people at the bottom being heavily affected.
Before we get down to the reactions, let’s get you in the loop of what’s happening.
Fuel Prices in Kenya Skyrocket
In case you are out of the loop, starting today, fuel prices have hit a nine-year high due to rising crude costs in the global market. This means motorists in Nairobi will pay,
- KES 122.81 per litre of diesel from Sh115.18
- KES107.66. for a litre of super petrol From KES 102
Why? Well, the Energy and Petroleum Regulatory Authority (EPRA) linked the expensive fuel to the recovery in crude oil prices. They increased the cost of imported refined fuel, from $55.27 a barrel to $61.61.
This simply means the cost of living is likely to skyrocket.
The cost of electricity is about to be hiked too after fuel prices gone up! 😭😭😭😭 the cost of living in Kenya is becoming unbearablehttps://t.co/m8mL89p97Q
— Felix Olela (@Lord_Olelieza) March 15, 2021
The news did not sit well with Kenyans on Twitter, especially in comparison to our neighbouring countries.
Hii petrol ya turkana inaendanga wapi 🤔🙄… Is it even realistic to compare a country with raw and processed product and one which imports..
Hii Kenya inaenda wapi
— abdullahi hssan (@BillahMuctasim) March 15, 2021
In addition to that, the KRA takes about 47% or 57 shillings out of each litre of petrol. The government states that they add the excise duty to stop people from using oil, heading to a ‘greener Kenya.’
Bro this one I can explain! Fuel prices depends on the following factors 1. Landing Cost today is at Ksh 43.15 per litre OMC profit of Ksh 12.39 and Kenya Government Taxes are Ksh 56.42 so if the National Assembly can force the taxes to be lower then fuel prices can go down!
— Sen. Ledama Olekina (@ledamalekina) March 14, 2021
So it looks like this is where we are headed.
Another question that is rising asks, what happened to the Crude Oil in Kenya…
Fuel prices has increased due to an increase in the cost of crude oil. The question we need to ask is "What happened with the crude oil mines in Kenya?" and "Who is importing this oil from Kenya?"
— namungusam (@SamsonNamungu) March 15, 2021
It may just be time to call in reinforcements.
Dembe, we might have to use a wheelbarrow to kenya this time.
I hear their fuel prices have soared too high, we might not be able to fuel the jet on our way back.
We need to bring that government down, starting with several legislators like Kilonzo jr https://t.co/MPQSNv93DM pic.twitter.com/TXzsTFr3rs
— Redd (@eldercanon) March 15, 2021
Until then, make sure you get every single drop as we’re not sure what exactly will happen next;
The new fuel prices of 122.81 in Nairobi is an indication of a continuous yet unending tough economic times for the people of Kenya. Oil is an essential factor of production that has an impact on the cost of final products to be consumed by Kenyans. Every drop might count… pic.twitter.com/W7pDaCVeD7
— Mabuka, Esq. (@MabukaMazuka) March 15, 2021