Fuel Prices Kenya
Part of: GIZ International Fuel Price database
Also see: Kenya Energy Situation
Fuel Pricing Policies
| Local Currency: | KES |
| Exchange Rate: | 76.4415
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| Last Update: |
The downstream sector for fuels is liberalized in Kenya. The major retailing oil companies are Total Kenya, Shell and OiLibya (→Appendix A1) as well as the state-owned National Oil Corporation of Kenya. The Kenya Pipeline Company (KPC, operating the national pipelines) and the Kenya Petroleum Refineries Ltd. (KPRL) are state-owned.
The minister of Energy has a supervising function for the actors in the fuel market, e.g. checking, if minimum quality requirements of fuel products are met (→Appendix 2).
There were complaints in Kenya in late 2010 addressing the rise of pump prices of petrol, while no substantial increase in production costs could be identified. The government seems to take these complaints serious: It published a (non-mandatory) maximum price of 95 Kenyan Shilling per liter in a press statement in late November 2010 and recommends customers to always fuel at the stations with lowest prices (→Appendix A3). In December 2010, the government installed a pricing formula, that limits the profits to 3 Shilling per liter for retailers and 6 Shilling per liter for wholesalers (→Appendix A4). These mandatory maximum prices are calculated once a month. This new mechanism was effective December 15th 2010, limiting prices to 94.8 Shilling for gasoline and 87.9 Shilling for diesel in Nairobi (prices seem to vary depending on the region, presumably due to transportation costs).
(The website http://www.petrol.co.ke/, owned by Petrol Africa Ltd, was obviously installed to provide a lot of information concerning fuel prices. However, no information could be actually found due to ongoing, unknown technical problems with that website.)
"After concerns about over-charging by oil companies had been voiced in several quarters, government in Dec 2010 began setting maximum retail prices by location every month for gasoline, diesel, and kerosene. The VAT on LPG was removed in 2005. In Apr 2011, government cut diesel and kerosene taxes by 20% and 30%, respectively, and in May 2011 eliminated all taxes and levies on kerosene (as well as maize and wheat). The Energy Regulatory Commission posts landed costs of crude oil, gasoline, diesel, and kerosene, and maximum pump prices allowed in 70 towns on its Web site every month."
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
Fuel Prices and Trends
| Gasoline 95 Octane | Diesel | |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition.
No information available.
(http://www.petrol.co.ke/ was obviously installed to provide a lot of information concerning fuel prices. However, no information could be actually found due to unknown technical problems with that website.)
At a Glance
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Websites offline or no information available due to technical problems.
Sources to the Public
| Type of Information | Web-Link / Source |
|---|---|
| Other Information | http://www.petrol.co.ke/ (No information available due to technical problems) |
| Other Information | http://www.nation.co.ke/business/news/Ignore-fuel-shortage-rumour-says-ministry/-/1006/1012184/-/oia27w/-/index.html (A1) |
| Other Information | http://www.nation.co.ke/business/news/Drain-out-dirty-fuel-or-go-ministry-tells-Gapco/-/1006/1012110/-/jntdnk/-/index.html (A2) |
| Other Information | http://www.bloomberg.com/news/2010-11-24/kenya-s-energy-ministry-is-exploring-ways-to-reduce-gasoline-pump-prices.html (A3) |
| Other Information | http://www.nation.co.ke/business/news/Hope-for-motorists-as-ministry-publishes-rules-on-fuel-pricing-/-/1006/1067512/-/mm6u31/-/index.html (A4) |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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