The Energy and Petroleum Authority (EPRA) has reviewed downwardly prices of some fuel products.
The prices would take effect starting Saturday, July 15.
Super Petrol and Kerosene have been reduced as Diesel remains to retail at the price aligned with the new 16% VAT.
A litre of Petrol now retails at Sh194.68 from the initial Sh195.53, this being a Sh0.85 reduction.
Kerosene now retails at Sh169.48, a Sh3.96 drop from the initial Sh173.44.
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A litre of Diesel will remain at it's current price, Sh179.67.
"Taking into account the weighted average cost of imported refined petroleum products, the changes in the maximum allowed petroleum prices in Nairobi are as follows:
Super Petrol and Kerosene decrease by Sh0.85 and Sh3.96 per litre respectively while Diesel remains unchanged," said EPRA.
Earlier in July, activist Okiya Omtatah had threatened to sue EPRA's top management over the new fuel prices that had factored in the new 16% VAT.
The agency on Friday, June 30, increased fuel commodities prices significantly following the upping of the Value Added Tax (VAT) from 8% in the Finance Act 2023.
The new fuel prices came up despite the High Court issuing conservatory orders blocking the implementation of the Finance Act 2023.
In response to EPRA's communique, Omtatah warned he would institute a legal action against its seniors over contempt of court.
The Busia senator seemed to wonder why the agency proceeded with effecting the new VAT despite the court's conservatory order that paused the implementation of the provisions of the Finance Act 2023.
"I talked to the EPRA MD, we focused on the court orders that suspended the Finance Act and they gave an injunction against any part of it. Told him if they ignore, I’ll file contempt proceeding against them for disobeying court orders," he said.
EPRA stated that the price of petrol would increase by Ksh 13.49 per litre, diesel by Ksh 12.39 per litre and kerosene by Ksh 11.96 per litre.
"The Energy Petroleum Regulatory Authority (EPRA) has recalculated the maximum pump prices that will be in force from 1st July to 14th July 2023 taking into account VAT at 16%. As a result, the changes in the maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol, Diesel and Kerosene increase by KShs.13.49 per litre, KShs.12.39 per litre and KShs.11.96 per litre respectively,” read its statement in part.
Super petrol in Nairobi would now be retailed at Ksh 195.53 while Diesel and Kerosene will retail at Ksh 179.67 and Ksh 173.44 respectively.
