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Difference between revisions of "Fuel Prices Kenya"

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{{Fuel Price Factsheet
 
{{Fuel Price Factsheet
 
|Fuel Price Country=Kenya
 
|Fuel Price Country=Kenya
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|Fuel Pricing Policies="Pricing policy: Kenya deregulated its oil industry in 1994. 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. Price calculations are based on volumes and costs in the previous three months. Government removed the VAT on LPG 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). Kerosene was nearly 20% cheaper than diesel in Jan 2013. The price difference between kerosene and diesel, and the tax difference between products destined for the domestic market and those for export, are two drivers of commercial malpractice.
 +
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Information: 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. The Petroleum Institute of East Africa also posts industry statistics and price and tax data, including statistics on the results of fuel marking―kerosene marker and export marker―and tracing tests. The results from 2012 found that independents were more likely to be in violation than integrated companies."
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(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
 
|Fuel Currency=KES
 
|Fuel Currency=KES
 
|Fuel Price Exchange Rate=76.4415
 
|Fuel Price Exchange Rate=76.4415
−
|Fuel Price Exchanre Rate Date=2010/11/22
 
−
|Fuel Price Last Updated=
 
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|Fuel Price Composition Date=
 
 
|Fuel Price Composition Annotation=No information available.
 
|Fuel Price Composition Annotation=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.)
 
(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.)
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|Fuel Pricing Policies=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.
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|Fuel Matrix Pricing Mechanism=3
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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).
 
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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).
 
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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).
 
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(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.)
 
 
|Fuel Matrix Price Level=3
 
|Fuel Matrix Price Level=3
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|Fuel Matrix Pricing Mechanism=3
 
 
|Fuel Matrix Annotation=Websites offline or no information available due to technical problems.
 
|Fuel Matrix Annotation=Websites offline or no information available due to technical problems.
 
|Fuel Transparency Price Composition=1
 
|Fuel Transparency Price Composition=1
 
|Fuel Transparency Pricing Mechanism=1
 
|Fuel Transparency Pricing Mechanism=1
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}}
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}} {{Fuel Price Factsheet Source
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{{Fuel Price Factsheet Source
 
 
|Fuel Price Factsheet Source Type=Other Information
 
|Fuel Price Factsheet Source Type=Other Information
 
|Fuel Price Factsheet Source Link=http://www.petrol.co.ke/
 
|Fuel Price Factsheet Source Link=http://www.petrol.co.ke/
 
|Fuel Price Factsheet Source Annotation=No information available due to technical problems
 
|Fuel Price Factsheet Source Annotation=No information available due to technical problems
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}} {{Fuel Price Factsheet Source
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|Fuel Price Factsheet Source Type=Other Information
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|Fuel Price Factsheet Source Link=http://www.nation.co.ke/business/news/Ignore-fuel-shortage-rumour-says-ministry/-/1006/1012184/-/oia27w/-/index.html
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|Fuel Price Factsheet Source Annotation=A1
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}} {{Fuel Price Factsheet Source
 +
|Fuel Price Factsheet Source Type=Other Information
 +
|Fuel Price Factsheet Source Link=http://www.nation.co.ke/business/news/Drain-out-dirty-fuel-or-go-ministry-tells-Gapco/-/1006/1012110/-/jntdnk/-/index.html
 +
|Fuel Price Factsheet Source Annotation=A2
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}} {{Fuel Price Factsheet Source
 +
|Fuel Price Factsheet Source Type=Other Information
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|Fuel Price Factsheet Source Link=http://www.bloomberg.com/news/2010-11-24/kenya-s-energy-ministry-is-exploring-ways-to-reduce-gasoline-pump-prices.html
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|Fuel Price Factsheet Source Annotation=A3
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}} {{Fuel Price Factsheet Source
 +
|Fuel Price Factsheet Source Type=Other Information
 +
|Fuel Price Factsheet Source Link=http://www.nation.co.ke/business/news/Hope-for-motorists-as-ministry-publishes-rules-on-fuel-pricing-/-/1006/1067512/-/mm6u31/-/index.html
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|Fuel Price Factsheet Source Annotation=A4
 
}}
 
}}
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[[Category:Kenya]]

Latest revision as of 16:06, 15 July 2014

Part of: GIZ International Fuel Price database
Also see: Kenya Energy Situation

Fuel Pricing Policies

Local Currency: KES
Exchange Rate: 76.4415


Last Update:

"Pricing policy: Kenya deregulated its oil industry in 1994. 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. Price calculations are based on volumes and costs in the previous three months. Government removed the VAT on LPG 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). Kerosene was nearly 20% cheaper than diesel in Jan 2013. The price difference between kerosene and diesel, and the tax difference between products destined for the domestic market and those for export, are two drivers of commercial malpractice.

Information: 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. The Petroleum Institute of East Africa also posts industry statistics and price and tax data, including statistics on the results of fuel marking―kerosene marker and export marker―and tracing tests. The results from 2012 found that independents were more likely to be in violation than integrated companies."

(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
in USD*

in Local Currency

* 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

Regulation-Price-Matrix
Transparency of
Price Composition 		Transparency of Pricing
Mechanism / Monitoring
IFPDB matrix background.png
IFPDB matrix point.png
 IFPDB trafficlight red.png IFPDB trafficlight explanation.png IFPDB trafficlight red.png


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

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de
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