Kenyans on Monday rejected the reason given by Energy Cabinet Secretary Davis Chirchir that the Israel-Palestine conflict would cause fuel prices to rise to Ksh300 per litre.
In his appearance before the National Dialogue Committee, Chirchir contended that Kenyans would probably experience hardship when it came to the geopolitical event.
But Tanzania’s counterpart of EPRA, the Energy and Water Utilities Authority (EWURA), had previously said that it would be slashing fuel prices rates for November in accordance with worldwide market trends.
EWURA blamed the drop on an average 5.86% drop in oil prices worldwide in a statement released on October 31 that included gasoline costs for the month of November.
”Changes in prices of petroleum products in November 2023 are mainly due to the decrease in the world oil price by an average of 5.68%, and a decrease in premiums for the importation of petroleum products by an average of 13% for PMS and 25% for AGO, reduction of the production of petroleum products by OPEC+ and economic sanctions on Russia,” read EWURA’s statement.
Beginning on November 1, the rates issued by EWURA are applicable to a number of Tanzanian regions, including Mtwara, Tanga, and Dar es Salaam.
EWURA announced a decrease in the price of gasoline for the Dar es Salaam region, bringing it down from Tsh 3281 (Ksh 198.04) to Tsh 3274 (Ksh 197.62) per litre.
Additionally, the organization declared that the cost of diesel in the Dar es Salaam region would now only be Tsh 3374 (Ksh 203.65) per liter instead of Tsh 3448 (Ksh 208.12).
EWURA said that the price of gasoline per liter for the Tanga region in November would be Tsh 3320 (Ksh 200.39), up from Tsh 3327 (Ksh 200.82).
Additionally, EWURA announced a drop in the price of gasoline in Mtwara, where it was previously Tsh 3353 (Ksh 202.38) but is now Tsh 3347 9 (Ksh 202.02).
The price reductions were also ascribed by EWURA to the average 13% and 25% reduction in duties levied on petroleum imports (automated gas oil, or AGO).
Kenyans residing close to Tanzania’s border have primarily chosen to purchase fuel in the neighboring East African nation, which may be explained by Tanzania’s move to lower fuel costs.
In the meantime, fuel costs in Kenya have reached a record high following the October 14 announcement of petroleum rates by EPRA.