Editor's Review

In Nairobi, Super Petrol, Diesel and Kerosene will now retail at Sh217.36, Sh205.47 & Sh.205.06 respectively.

The Energy and Petroleum Regulatory Authority (EPRA) has increased the prices of Super Petrol by Sh5.72 litre, Diesel by Sh4.48 litre and Kerosene by Sh2.45 litre.

The state has cushioned consumers from the projected increase through a stabilization mechanism to be funded by the Petroleum Development Levy (PDL) in line with the Petroleum Development Levy, Order of 2020.

In Nairobi, Super Petrol, Diesel and Kerosene will now retail at Sh217.36, Sh205.47 & Sh.205.06 respectively, effective midnight for the next 30 days.

Vehicles at a petrol station in Kenya.PHOTO | COURTESY

"The prices are inclusive of the 16% Value Added Tax (VAT) in line with the provisions of the Finance Act 2023, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020," EPRA said.

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Without the subsidy, a litre of super Petrol was to increase by Sh8.79, diesel by Sh16.12 and Kerosene by Sh12.05.

According to EPRA, the situation would have been worse were it not for the Government-to-Government arrangement that has resolved the USD liquidity challenges that the petroleum sub-sector was faced with before April 2023 when the programme started.