The Speaker of Kenya’s Upper House of Parliament has summoned the country’s energy and petroleum ministers next week to explain the latest hike in fuel prices, which are now the highest in ten years.
Senate Speaker Kenneth Lusaka has directed Energy minister Charles Keter and his Petroleum counterpart John Munyes to appear before the House on Tuesday, September 21.
The Energy and Petroleum Regulatory Authority (EPRA) announced new pump prices on Tuesday, September 14, effective Wednesday, September 15.
In the new prices, motorists in the capital, Nairobi, will pay Ksh 134.72 for a litre of Super Petrol, Ksh115.60 for a litre of Diesel and Ksh110.82 for a litre of Kerosene.
In the northern Marsabit town, motorists will pay the highest prices for the commodities, at Ksh 142.57 for a litre of Super Petrol, Ksh 123.45 for a litre of Diesel and Ksh 118.67 for a litre of Kerosene.
The new pump prices have sparked criticism from the public, with reports of planned protests across the country later on Thursday.
Bloomberg reports a spokesperson for EPRA’s Director-General, Daniel Kiptoo, says the prices climbed mainly because the authorities didn’t draw from a stabilization fund as they did in the past couple of months to keep rates steady regardless of international-oil price fluctuations.
They previously used the fund to compensate oil marketers for cutting their margins and quoting lower prices.
“The stabilization process for the pump prices has not been affected this pricing cycle,” Bloomberg quotes Kiptoo to have said in a comment sent by his spokesperson.
(USD 1 = Ksh 110.05)