The Energy & Petroleum Regulatory Authority (EPRA) and Kenya Pipeline Company have announced stakeholder consultations on fuel products tariff in Nyeri, Eldoret, Kisumu and Mombasa in an exercise that will run between July 19 and August 2.
The two agencies are seeking the public nod to implement their plan for the cost of service study in the supply of petroleum products.
The Energy (Petroleum Pricing) Regulations 2010 provide for a framework of setting of maximum retail prices for various fuel products which exercise EPRA carries out every 14th day of the month.
The regulations allow EPRA to apply a formula that considers landed costs, storage, distribution, taxes and margins for oil marketing companies.
In seeking efficiency of the same formula, EPRA in 2017 commissioned a study of the service study to inform the new regulatory and policy direction.
Alongside this, EPRA has received a new application of the review of tariffs for the period 2019 to 2022 and wants to engage the various stakeholders - largely consumers - to endorse or vary the study recommendations.