The latest fuel price review show that Energy and Petrol Regulatory Authority (EPRA) has decreased the prices of petroleum products where, super petrol and kerosene by KES.1 shilling per litre respectively while the price of diesel remains unchanged. This price review, which is effective as from 15th August to 14th September, show that the pump prices will be as follows;
- Petrol will cost KES. 185.31 per litre
- Diesel will cost KES. 171.58 per litre
- Kerosene will cost KES.155.58 per litre.
These prices include a 16% VAT, and reflect adjustments based on the finance act 2023, tax laws act 2024 and excise duties adjusted for inflation.
The slight fall down in fuel prices follows a month of fuel price escalation where super petrol, diesel and kerosene retailed at KES. 186.31, KES. 171,58 and KES.156.58 per litre respectively. This reduction in fuel prices this month is a reflection of the decrease in fuel prices globally and is indicative of a stronger shilling.
EPRA Reports Declining Landing Cost
Internationally, EPRA reported that the average landing cost decreased by 0.73%, and this projects on the price of super petrol which went down from KES. 81,201 (USD 628.30) to KES.80,608 (USD 623.71) per cubic metre. On the other hand, the landing cost of both kerosene and diesel increased by 3.20% and 3.08% respectively. Additionally, a weekly bulletin from CBK, shows that Murban crude oil prices went down to KES. 8,871 (USD 68.25) per barrel from KES. 9,55O (USD 73.52)
Locally, we import all petroleum products in their refined states, which makes us very susceptible to all market shocks regarding the trade of oil internationally.
Also Read: EPRA’s July Review: Fuel Prices Surge Amid Global Tensions
