As of September 15th, 2023, Kenyans wake to new shocking fuel prices. New fuel prices in Kenya have been set by the Energy and Petroleum Regulatory Authority (EPRA), and they will take effect on September 15, 2023. The following are the new prices:
Kerosene: KES 202.61
Super Petrol: KES 211.64
Diesel: KES 200.99
Particularly, the price of Super Petrol will go up by KES 16.96 per litre, the price of Diesel by KES 21.32 per litre, and the price of Kerosene by KES 33.13 per litre.
Numerous variables, such as the growing price of crude oil and the depreciation of the Kenyan shilling in relation to the US dollar, are to blame for the increase in fuel prices.
Given that they would raise the price of transportation and other products and services, the increased fuel prices are anticipated to have a considerable effect on the Kenyan economy. This might cause inflation to rise and economic growth to slow.
The government has vowed to protect Kenyans from the effects of the country’s high fuel prices. A variety of initiatives, including a decrease in the fuel subsidy and an increase in the subsidy for public transport, have been announced.
Whether these steps will be enough to lessen Kenyans’ suffering from the high cost of petrol remains to be seen.
Kenyans’ reactions to the new fuel prices
Kenyans are expected to feel the effects of the new fuel costs, especially those who drive or use public transit frequently. The cost of transportation will go up, making it more challenging for people to travel to work, school, and other important locations.
Due to businesses passing on higher expenses to customers, the rising cost of fuel will also raise the price of goods and services. This would probably result in rising inflation, which will reduce Kenyans’ purchasing power.
The government has vowed to protect Kenyans from the effects of the country’s high fuel prices. It is still unclear, though, if the announced actions will be adequate.
What solutions are there for Kenyans to deal with the rising cost of fuel?
Kenyans have a variety of options for coping with the high cost of fuel. These consist of:
Whenever possible, people should:
1. Take the bus, train, or other form of public transportation;
2. Carpool;
3.Use ride-hailing services;
4.Reduce unnecessary automobile journeys;
5.Maintain their vehicles properly to increase fuel economy;
6. Shop around for the best petrol costs;
Kenyans must also be aware of their rights and report any instances of price gouging or overcharging to the appropriate authorities.
