The Energy and petroleum regulatory authority (EPRA) has announced a marginal reduction in fuel prices following its latest monthly review released on Sunday, September 14.
According to the new rates, which take effect from midnight September 15 to October 14, pump prices in Nairobi have dropped slightly, with super petrol now retailing at KES 184.52 per litre after a reduction of KES 0.79. Diesel prices have decreased marginally to KES 171.47 per litre, representing a drop of KES 0.11, while kerosene will retail at KES 154.78 per litre after a cut of KES 0.80.
This marks the second consecutive review where EPRA has lowered fuel prices, albeit modestly. In the August review, the regulator reduced the cost of super petrol and kerosene by KES 1 each, setting their prices at KES 185.31 and KES 155.58, respectively, while the cost of diesel remained unchanged at KES 171.58. The September revision therefore brings petrol down to KES 184.52, diesel slightly lower at KES 171.47, and kerosene to KES 154.78.
EPRA explained that the latest adjustment reflects a drop in the average landed costs of imported petroleum products. The landed cost of super petrol fell by 0.46% to KES 96,262 per cubic metre, while diesel decreased by 3.38% to KES 95,275 per cubic metre. Kerosene also recorded a decline of 2.93%, landing at KES 94,438 per cubic metre.
The regulator further noted that the new prices are inclusive of the 16% Value Added Tax (VAT) in line with the Finance Act 2023, the Tax Laws (Amendment) Act 2024, and inflation-adjusted excise duty rates set under Legal Notice No. 194 of 2020.
While the reduction offers some relief to motorists and households, the cuts remain modest compared to the overall high cost of fuel in the country. Analysts point out that fuel prices continue to play a central role in Kenya’s inflationary pressures, influencing transport costs, food prices, and production expenses across industries. However, the trend of consecutive reductions may signal some stability in global oil markets, offering cautious optimism for consumers.
Also read: EPRA`S Review: Super Petrol Reduce by 1 Shilling, Diesel Unchanged.
