Fuel Prices Aside, Kenyans Suffer Another Blow Days After Ruto’s swearing in
Kenya Power and Lighting Company (KPLC) has increased token prices after the Energy, Petroleum and Regulatory Authority (EPRA) announced new high fuel costs.
The prices of electricity has now gone up by 15% despite the fact that immediate former president Uhuru Kenyatta ordered a reduction in January.
A report by the business daily indicates that EPRA also made a silent move last week by increasing the ” pass through costs” such as fuel, forex and inflation adjustments.
Therefore, the new prices indicate that domestic consumers of electricity will get 39.5 units of power for Kshs1000. Initially one would get 45.7 units for the same amount.
Heavier power consumers and industries will pay more bills.
“The heavier consumers and industries will see their power costs rise even higher since the pass-through costs now account for more than a third of power bills,” Business Daily reported.
EPRA Director General Daniel Kiptoo however revealed that plans are underway to cushion Kenyans from increased fuel and electricity prices. According to him, the government is planning to also invest in renewable sources of energy.
He also defended the government’s move to do away with the fuel subsidy saying that it was unsustainable.
Kandara Member of Parliament (MP) Alice Wahome detailed the intrigues behind the delays in the announcement of fuel prices for the period starting September 15 to October 14.
As Kenyans anxiously waited for the first fuel prices under President William Ruto’s regime, His Excellency was grappling with lowering the cost of the petroleum products – petrol, diesel and kerosene.
Speaking on Thursday, September 15, Wahome intimated that President Ruto wanted fuel lowered but was astounded by the report he received from the Ministry of Petroleum.
“I am privy to the report that the President received on the cost of fuel and it was nearly impossible for him to reduce the cost but it will only be a matter of time before the issue is sorted,” she stated, defending the high record fuel prices released by the Energy and Petroleum Regulatory Authority (EPRA) close to midnight on the previous day.
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