IMAGE FILE: A petrol station attendant refueling a vehicle
In Summary:
- EPRA announces the adjustment of fuel prices, effective from midnight until June 14.
- Petrol, diesel, and kerosene see a reduction of Ksh1.00, Ksh1.20, and Ksh1.30 per litre respectively, reflecting a downward trend in fuel costs.
The Energy Regulatory and Petroleum Authority (EPRA) has disclosed the latest adjustments in fuel prices, set to come into effect from midnight until June 14.
In its recent review, EPRA has decreed a decrease in fuel prices, with petrol, diesel, and kerosene dropping by Ksh1.00, Ksh1.20, and Ksh1.30 per litre respectively. This reduction is poised to alleviate the financial burden on motorists and consumers across the country.
“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.
Effective from the stipulated date, motorists in Nairobi will incur charges of Ksh192.84 per litre for petrol, Ksh179.18 for diesel, and Ksh168.76 for kerosene.
EPRA Director General, Daniel Kiptoo, has underscored the authority’s dedication to fostering fair competition and safeguarding the interests of both consumers and investors within the energy and petroleum sectors.
The landed cost of importer Super Petrol exhibited a 3.82% increase between March and April, while diesel decreased by 0.46%, and kerosene witnessed a marginal decrease of 0.050% during the same period, as revealed by EPRA’s review.
“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.”
With fuel prices gradually declining over recent months and now dipping below the Ksh200 mark, consumers can anticipate some relief from the financial strain associated with fuel expenses.