Mudavadi criticises new fuel prices, says it is unbearable
Thursday, September 16th, 2021 08:01 | < 1 min read
The Energy and Petroleum Regulatory Authority is on the receiving end following a significant rise in petroleum products price a fortnight ago.
ANC party leader Musalia Mudavadi said the party is unhappy with the move, which is likely to hit hard many households already struggling to make ends meet due to the effects of the Covid-19 pandemic.
“ANC Party is unhappy with the announcement by the Energy & Petroleum Regulatory Authority increasing petroleum prices in the country,” Mudavadi said.
According to Mudavadi, the increases in the fuel pump prices will ultimately lead to an increase in the cost of production and transportation for ordinary Kenyans and businesses.
“This increase is baffling because it is coming at a time when the landed cost of fuel in the country has reduced significantly. It is not a reflection of the international price,” Mudavadi added.
Energy and Petroleum Regulatory Authority (EPRA) increased the maximum wholesale and retail petroleum prices on Tuesday for the period 15th September – 14th October by nearly Ksh8.
ERPA announced that pump prices for super petrol, diesel and kerosene had increased by Sh7.58, Sh7.94 and Sh12.97 per litre respectively set social media on fire.
The surge in fuel prices will see motorists pay up to Sh137 per litre for super petrol, with the price for the product being Sh134.72 in Nairobi and Sh132.46 in Mombasa.
In Nakuru, petrol will retail at Sh134.24 per litre and Sh135.13 in Eldoret town.
In his suggestion to tame the rising cost of fuel in the country, Mudavadi called on the Ministry of Energy to revise the formula in fuel pricing.
“Review the tax regime on fuel products and reform the electricity cost structure to include more transparency in the determination of costs and pricing to improve overall efficiency,” Mudavadi said