@BusinessDaily

Sharp rise in paraffin prices hits consumer - 11 months ago, 12 Mar 08:02

By: Neville Otuki

Kerosene prices have doubled in the past two years due to a blend of higher taxes and rising global oil costs, hurting consumers that use the fuel for lighting and powering their cook stoves. Aside from home use by low-income earners, small-time fishermen worldwide have for long relied on kerosene lamps to provide vision during their nighttime fishing. In Kisumu, kerosene currently costs Sh78.66 per litre at the pump, having risen steadily over the past two years from Sh41.54 in a similar period of 2016. This has had the impact of piling financial pressure on users, including fishermen, who most often pass the additional costs to fishmongers and ultimately to end buyers. To cut costs, a number of fishermen have switched to use of solar powered kits that can be charged for nighttime lighting at lower costs. Paraffin prices shot up after the Treasury introduced excise duty of Sh7.20 per ...
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