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Home » News » Fuel prices drop for the fourth straight month in latest EPRA review

Fuel prices drop for the fourth straight month in latest EPRA review

Last updated: May 14, 2024 5:37 pm
2 years ago
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The Energy Regulatory and Petroleum Authority (EPRA) has announced the latest adjustments in fuel prices, set to take effect from midnight until June 14.

In its latest review, Petrol, Diesel, and Kerosene will decrease by Ksh1.00 per litre, Ksh1.20 per litre, and Ksh1.30 per litre respectively. Consequently, motorists in Nairobi will now be charged Ksh192.84 per litre of petrol, Ksh179.18 for diesel, and Ksh168.76 for kerosene.

EPRA clarified that these prices are inclusive of the 16% Value Added Tax (VAT), in accordance with 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 review also revealed that the landed cost of importer Super Petrol increased by 3.82% between March and April, while diesel decreased by 0.46% and Kerosene by 0.050% during the same period.

EPRA Director General Daniel Kiptoo assured the public of the authority’s commitment to ensuring fair competition and safeguarding the interests of consumers and investors in the energy and petroleum sectors.

Across other major cities, the new prices will have varying impacts. In Kisumu, for instance, a litre of petrol will cost Ksh192.66, diesel Ksh179.39, and kerosene Ksh169.01. Similarly, motorists in Mombasa, Nakuru, and Eldoret will experience adjustments in fuel prices.

Although fuel prices have been steadily declining in recent months, some towns will still see prices above the Ksh200 mark. Areas such as Nakalale, Lokichogio, Marsabit, Moyale, and Wajir, among others, will continue to pay higher rates.

This latest update follows a previous review where Kenyans paid Ksh193.84 for petrol, Ksh180.38 for diesel, and Ksh170.06 for kerosene per litre.

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