EPRA announces new fuel prices
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The Energy Regulatory and Petroleum Authority (EPRA) has announced the new fuel prices to take effect from midnight to June 14
The Energy Regulatory and Petroleum Authority (EPRA) has announced the new fuel prices to take effect from midnight to June 14.
In a statement on Tuesday, May 14, EPRA said the price of Super Petrol, Diesel, and Kerosene has been decreased by Sh 1.00 per litre, Sh 1.20 per litre, and Sh1.30 per litre respectively.
“In accordance with Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022, we have calculated the maximum retail prices of petroleum products, which will be in force from 15th May 2024 to 14th June 2024.
“In the period under review, the maximum allowed petroleum pump price for Super Petrol, Diesel and Kerosene decreased by KShs.1.00 per litre, KShs.1.20 per litre and KShs.1.30 per litre respectively,” read the statement in part.
In Nairobi, Petrol will now retail at Sh 192.84, Diesel Sh 179.18, and Kerosene Sh 168.76. in Mombasa Petrol, Diesel and Kerosine will cost Sh 189.66, Sh 176.01, and Sh 165.69 respectively.
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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.
According to EPRA, the average landed cost of imported Super Petrol increased by 3.82% from US$737.69 per cubic metre in March 2024 to US$765.87 per cubic metre in April 2024 while that of Diesel decreased by 0.46% from US$722.51 per cubic metre to US$719.21 per cubic metre.
On the other hand, Kerosene increased by 0.50% from US$725.31 per cubic metre to US$728.97 per cubic metre.
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