The Energy and Petroleum Regulatory Authority (EPRA) has announced a slight reduction in fuel prices in its July review.
In a statement on Sunday, July 14, by EPRA Director General Daniel Kiptoo, the price of Super Petrol was reduced by Ksh1, while that of Diesel and Kerosine was reduced by Sh1.50 and Ksh1.30 respectively.
"In the period under review, the maximum allowed petroleum pump price for Super Petrol, Diesel and Kerosene decreased by Ksh.1.00 per litre, Ksh.1.50 per litre and Ksh.1.30 per litre respectively," read part of the statement by Kiptoo.
The new review now means that the price of Super Petrol in Nairobi will be Ksh188.84, while that of Diesel and Kerosene will be Ksh171.6 and Ksh161.75 respectively.
Read More
"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," Kiptoo remarked.
According to the regulatory authority, the average landed cost of imported super petrol decreased by 4.65 per cent in June compared to May, while diesel decreased by 1.19 per cent. Kerosine landed costs decreased by 2.01 per cent in the period.
"The average landed cost of imported Super Petrol decreased by 4.65% from US$750.95 per cubic metre in May 2024 to US$716.03 per cubic metre in June 2024; Diesel decreased by 1.19% from US$690.99 per cubic metre to US$682.73 per cubic metre while Kerosene increased by 2.01% from US$679.14 per cubic metre to US$692.80 per cubic metre," Kiptoo added.
Notably, the road maintenance levy was increased by Sh7 per litre in the review. This means that the levy will be charged at a rate of Ksh25 per litre of petrol and diesel, up from Ksh18.
Below is a list of fuel prices in different towns:
-1726491270.jpg)
