Fuel prices drop by one shilling in latest EPRA review

The Energy and Petroleum Regulatory Authority (EPRA) has reduced the prices of super petrol, diesel, and kerosene by Ksh.1, Ksh1.20, and Ksh.1.30 respectively.

EPRA, in a circular to newsrooms on Tuesday, stated that the new prices will be effective from May 15 to June 14, 2024.

“The prices are inclusive of the 16% Value Added Tax (VAT) in line with the provisions of the Finance Act 2023, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020,” read the statement.

“The average landed cost of imported Super Petrol increased by 3.82% from US$737.69 per cubic metre in Mardi 2024 to US$765.87 per cubic metre in April 2024; Diesel decreased by 0.46% from US$722.51 per cubic metre to US$719.21 per cubic metre while Kerosene increased by 0.50% from US$725.31 per cubic metre to US$728.97 per cubic metre.”

This now means that the new fuel prices in Nairobi are; super petrol (Ksh.192.84), diesel (Ksh.179.18), and kerosene (Ksh.168.76).

In Mombasa, the prices range as follows; super petrol (Ksh.189.66), diesel (Ksh.176.01), and kerosene (Ksh.165.69).