Fuel prices rise to a historic high after the latest EPRA review
Energy Petroleum and Regulatory Authority (EPRA) released fuel prices as petrol increased by Ksh.16.96, diesel up by Ksh.21.32, and Kerosene by Ksh33.13
Energy Petroleum and Regulatory Authority (EPRA) releases fuel prices as petrol increases by Ksh.16.96, diesel up by Ksh.21.32, and Kerosene by Ksh33.13.
Kenyan motorists are set to pay more after the Energy and Petroleum Regulatory Authority (EPRA) announced an increase in fuel prices set to take effect on Friday.
EPRA, in a statement on Thursday night, disclosed that Super Petrol prices have now increased by Ksh.16.96, Diesel rises by Ksh.21.32, while Kerosene climbs the highest to Ksh.33.13 per litre.
Super Petrol will now retail at Ksh211.64, Diesel at Ksh200.99, and Kerosene at ksh202.61 per litre in Nairobi.
Motorists in Mombasa will pay Ksh208.58 for Super Petrol, Ksh197.93 for Diesel, and Ksh199.54 for Kerosene.
While those in Nakuru will pay Ksh210.63 for Petrol, Ksh200.40 for Diesel, and Ksh202.01 for Kerosene.
In Kisumu, Super will retail at Ksh211.40 at the pump while Diesel and Kerosene will be sold at Ksh201.16 and Ksh202.77 per litre respectively.
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EPRA Director General Daniel Kiptoo Bargoria noted that the increased fuel prices were due to the weighted average cost of imported refined petroleum products.
“The average landed cost of imported Super Petrol increased by 4.80 percent from USD739.21 per cubic metre in July 2023 to USD774.67 per cubic metre in August 2023; Diesel increased by 12.52 percent from USD701.99 per cubic metre to USD789.89 per cubic metre while Kerosene increased by 19.79 percent from USD690.58 per cubic metre to USD827.26 per cubic metre,” the authority stated.
“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,” he stated.
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