The Energy and Petroleum Regulatory Authority (EPRA) has reduced the price of fuel from December 14 to January 14 2024.
In a statement on Thursday, December 14, the energy regulator said that the price of Petrol will reduce by Sh 5 while diesel and Kerosene would decrease by Sh 2.00 per litre and Sh 4.01 per litre respectively.
“In the period under review, the maximum allowed petroleum pump price for Super Petrol, Diesel and Kerosene decrease by Sh .5.00 per litre, Sh.2.00 per litre and Sh.4.01 per litre respectively.
“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,” the statement read in part.
According to EPRA, Petrol will retail at Sh 212.36 in Nairobi while Diesel and Kerosene will retail at Sh 201.47 and Sh 199.05 respectively.
In Mombasa Petrol, Diesel and Kerosene will trade at Sh 209.3, Sh 198.41 and Sh 195.92 respectively.
The regulator noted that the average landed cost of imported Super Petrol decreased by 16.11% from US$827.75 per cubic metre in October 2023 to US$694.44 per cubic metre in November 2023.
Diesel decreased by 5.43% from US$873.42 per cubic metre to US$826.01 per cubic metre while Kerosene decreased by 6.63% from US$813.90 per cubic metre to US$759.93 per cubic metre.
