EPRA increases fuel prices again in the latest review
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The Energy and Petroleum Regulatory Authority (EPRA) release new fuel prices for the month of October
The Energy and Petroleum Regulatory Authority (EPRA) release new fuel prices for the month of October.
In the latest review, EPRA has announced reviewed fuel prices, with petrol prices up by Ksh. 5.72, diesel up by Ksh. 4.48 and kerosene up by Ksh. 2.45 per litre.
Super Petrol will retail at Ksh. 217.36 from Ksh211.64, diesel at Ksh. 205.47 from Ksh200.99, and kerosene at Ksh. 205.06 from the current Ksh202.61 per litre in Nairobi.
The authority explained that the increase was occasioned by the increase in landed costs.
“Taking into account the weighted average cost of imported refined petroleum products, the changes in the maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol, Diesel & Kerosene increases by Ksh5.72, Ksh4.48 & Ksh2.45 per litre respectively.
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The state has cushioned consumers from the projected increase through a stabilization mechanism to be funded by the Petroleum Development Levy (PDL) in line with the Petroleum Development Levy, Order of 2020.
Without the subsidy, a litre of super Petrol was to increase by Sh8.79, diesel by Sh16.12, and Kerosene by Sh12.05.
According to EPRA, the situation would have been worse were it not for the Government-to-Government arrangement that has resolved the USD liquidity challenges that the petroleum sub-sector was faced with prior to April 2023 when the programme started.
The new fuel prices come after in last month’s price review, fuel prices crossed the Sh200 mark for the first time ever hitting a high of Sh211.64 per litre of petrol in Nairobi.
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