EconomyRelief as EPRA Maintains Fuel Prices in Latest Review

Relief for Kenyans after the government retained fuel prices at the same levels as last month in the July review.

In new retail prices announced today, the Energy and Petroleum Regulatory Authority (EPRA) retained super petrol prices at Kes127.14 per litre, diesel at Kes107.66 and kerosene at Kes 97.85 in Nairobi.

This is despite the increase in the cost of importing a cubic-metre of petrol by 4.8 per cent to $520.04 last month from $496.1 in May, while that of diesel increased by 3.69 per cent from $461.95 to $479.01 during the same period.

However, the price of a similar quantity of kerosene in the global market remained unchanged between May and June, but no single consignment for the commodity was imported into the country through the Port of Mombasa during the period.

“In accordance with Section 101(y) of the Petroleum Act 2019, Legal Notice No.196 of 2010 and Legal Notice No. 26 of 2012, the Energy & Petroleum Regulatory Authority has calculated the maximum retail prices of petroleum products, for the period 15th July 2021 to 14th August 2021…In the period under review, price for super petrol, diesel and kerosene remain unchanged,” EPRA in their press release.

Last month, EPRA marginally raised the price of a litre of petrol by 77 cents, pushing the price to kes 127.14, and kept the cost of diesel and kerosene unchanged for the fourth month in a row after the government struck a deal with oil marketers to maintain the current prices to ease pressure on consumers.

Hence consumers in Nairobi will continue to buy petrol at Kes127.14, diesel at Kes 107.66 and Kes 97.85 for kerosene. Meanwhile, motorists in Nakuru will continue to buy a litre of petrol for Kes 126.75, Kes 107.55 for diesel and Kes 97.76 for kerosene.

At the same time, those in Eldoret will pay Kes 127.67 for a litre of petrol, Kes 108.46 and Kes 98.68 for diesel and kerosene respectively.

This came as a relief for Kenyans from the high cost of commodities and electricity, gas supply, and the new tax measures passed in the Finance Bill 2021 begin to take effect.

The next fuel prices review will be held on August 14.

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