EPRA has announced a reduction in fuel prices, with petrol decreasing by Sh3 per litre, diesel by Sh6.08 per litre, and kerosene by Sh5.71 per litre.
EPRA announced the new prices in the latest review conducted on Friday. The review will cover the period from June 15, 2024, to July 14, 2024.
In Nairobi, super petrol, diesel, and kerosene will now retail at Sh189.84, Sh173.10, and Sh163.05, respectively, effective from midnight for the next 30 days.
In Mombasa, super petrol will sell at Sh186.66, diesel at Sh169.93, and kerosene at Sh160.
In Nakuru, the retail prices for petrol, diesel, and kerosene will be Sh188.90, Sh172.54, and Sh162.57, respectively. These prices include the 16 percent Value Added Tax (VAT).
EPRA stated that the price drop is 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 average landed cost of imported Super Petrol decreased by 1.95 percent from US$765.87 per cubic metre in April 2024 to US$750.95 per cubic metre in May 2024,” EPRA said.
EPRA added that diesel decreased by 3.92 percent from US$719.21 per cubic metre to US$690.99 per cubic metre, while kerosene decreased by 6.84 percent from US$728.97 per cubic metre to US$679.14 per cubic metre.
