Energy and petroleum regulatory authority (EPRA) latest review released on Sunday 14th September on petroleum prices show a slight decrease in pump prices for super petrol, diesel and kerosene by KES. 0.79, KES. 0.11 and KES. 0.80 per litre respectively.
According to the announcement, pump prices in Nairobi will retail at; KES.184.52 for super petrol, KES. 171.47 for diesel and KES.154.78 for kerosene. The prices will be effective for the next 30days, which is from 15th September to 14th October. EPRA`s August review announced a reduction in pump prices by KES. 1 for both super petrol and kerosene which retailed at KES.185.31 and KES. 155.58 while the price of diesel remained the same at KES.171.58
The prices are inclusive of 16% value added tax (VAT) in line with provisions of the finance act 2023, the tax laws amendment act 2024 and the revised rates for excise duty adjusted for inflation as per legal notice no. 194 of 2020, according to EPRA`s regulations.
EPRA`s review for the second time consecutively, announces a very slight drop in fuel prices, a reflection of the decrease in average landing cost for petroleum products. The average landed cost of imported super petrol went down by 0.46% to KES.96262 per cubic metre. The landing cost for diesel and kerosene dropped by 3.38% and 2.93% to KES. 95,275 and KES.94,438 per cubic metre respectively.
