More pain at the pump ahead of festive month as petrol prices rise

Peter Mikisi a petrol station attendant in Nakuru fuels a car on January 15,2015.PHOTO:KIPSANG JOSEPH

Increased prices of crude oil in the month of October have dealt a major blow to motorists. This is after prices of kerosene and petrol rose by Sh3.45 and Sh3.38 respectively in the latest review by the regulator.

According to Energy Regulatory Commission (ERC), the price of free on board Murban crude oil increased by 12.86 per cent to $51.35 (Sh5,225) per barrel, being the first time in 16 months a barrel of crude oil has gone above $50 (Sh5,085).