The Energy and Petroleum Regulatory Authority (EPRA) has announced a decrease in fuel prices for the period between April 15 and May 14, 2024.
In its monthly report released on Thursday, April 14, EPRA set the maximum price of Super Petrol per liter at Ksh193.84 in Nairobi.
Further, the authority indicated that one liter of Diesel will sell at Ksh180.38 in Nairobi while a liter of Kerosene will retail at a maximum of Ksh170.06.
This marks a reduction in the cost of Super Petrol by KSh5.31. The price of Diesel and Kerosene also decrease by Ksh10.00 per litre and Ksh18.68 per litre respectively.
“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.
“The purpose of the Petroleum Pricing Regulations is to cap the retail prices of petroleum products which are already in the country so that importation and other prudently incurred costs are recovered while ensuring reasonable prices to consumers,” indicated the authority.
Also Read: Ruto Announces Ksh10 Drop in Fuel Prices
Fuel Prices in Other Counties
In Mombasa, one litre of petrol will retail at Ksh190.66, one litre of diesel and kerosene will retail at Ksh177.21 and Ksh166.99 respectively.
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On the other hand, for the period between April 15 and May 14, 2024, petrol will retail at Ksh192.90 in Nakuru while diesel will retail at Ksh179.82 in the same city. Kerosene will retail at Ksh169.56 in Nakuru according to the report.
In addition, in Eldoret, Petrol, Diesel and kerosene will retail at Ksh193.67, Ksh180.59 and Ksh170.32 respectively. The petroleum products will retail respectively at Ksh193.66, Ksh180.59 and Ksh170.31 in Kisumu.
Also Read: EPRA Reduces Fuel Prices for March & April by Ksh7
Ruto Announcement on Fuel Prices
The EPRA announcement came hours after President William Ruto’s announcement that fuel prices had reduced by Ksh10 for the period between April 15, and May 14, because of the strengthening of the Kenyan shilling against the dollar.
Also, Government Spokesperson Isaac Mwaura revealed that the fuel prices would reduce significantly to play a key role in reducing the cost of living.
“A major announcement on the reduction of fuel prices shall be made today at 3:00 pm by EPRA. This will go a long way in reducing the cost of living in the country for hustlers and Kenyans at large,” he said.
In its March review, EPRA set the maximum price of Super Petrol per liter at Ksh199.15 in Nairobi, diesel at Ksh190.38 in Nairobi while a liter of Kerosene at a maximum of Ksh188.74.
This marked a reduction in the cost of Super Petrol by KSh7. The price of Diesel and Kerosene also decrease by KSh7.21 per litre, Ksh5.09 per litre respectively.
