EPRA announces fuel prices for the month of December
Relief for motorists as Energy Petroleum Regulatory Authority (EPRA) announces further drop in fuel prices
Relief for motorists as Energy Petroleum Regulatory Authority (EPRA) announces further drop in fuel prices.
The Energy Petroleum Regulatory Authority (EPRA) has announced a reduction in the prices of Super Petrol, Diesel, and Kerosene in its latest monthly price review.
EPRA on Saturday said the new December prices for Super Petrol would decrease by Ksh.4.37, while both Diesel and Kerosene would reduce by Ksh.3 each.
“In the period under review, the maximum allowed petroleum pump prices for Super Petrol, Diesel and Kerosene decrease by Ksh.4.37/litre, Ksh.3.0/litre and Ksh.3.0/litre respectively,” stated EPRA.
“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.”
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Following the review, a litre of petrol in Nairobi will retail at Ksh.176.29, diesel at Ksh.165.06 and Kerosene at Ksh.148.39.
In Mombasa, the cost will be Ksh.173.05, Ksh.161.82 and Ksh.145.15 for super petrol, diesel and kerosene respectively.
The Authority noted that the new prices would take effect at midnight.
EPRA said the second consecutive drop in fuel prices was backed by lower landed costs of the fuel products in November.
“The average landed cost of imported Super Petrol decreased by 4.46% from US$641.14 per cubic metre in October 2024 to US$612.53 per cubic metre in November 2024; Diesel increased by 5.76% from US$608.61 per cubic metre to US$643.69 per cubic metre, while Kerosene increased by 1.87% from US$648.15 per cubic metre to US$660.30 per cubic metre over the same period,” EPRA added.
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