The Energy and Petroleum Regulatory Authority (EPRA) has increased the cost of super petrol by KES 2 in the latest review of fuel prices while leaving diesel and kerosene prices unchanged.
For the period ending on April 14th in Nairobi, the retail price of petrol will be KES 179.30, while diesel and kerosene will remain at KES 162 and KES 145.94, respectively.
The price of diesel has been subsidized using that of super petrol, and a subsidy of KES 23.49 per litre has been maintained for kerosene to protect consumers from high prices. This essentially means that petrol users will pay more to allow diesel users to pay less.
The Government will utilise the Petroleum Development Levy to compensate oil marketing companies for the difference in cost.
The Energy and Petroleum Regulatory Authority
The fuel prices listed include the 8% Value Added Tax (VAT), which is compliant with the Finance Act 2018, the Tax Laws (Amendment) Act 2020, and the updated excise duty rates adjusted for inflation as stated in Legal Notice No. 194 of 2020.
EPRA reports indicate that the average landed cost of Super Petrol imports declined by 0.06% from USD 659.87 per cubic meter in January 2023 to USD 659.47 per cubic meter in February 2023.
Similarly, the landed cost of Diesel decreased by 2.52% from USD 779.49 per cubic meter to USD 759.88 per cubic meter, while Kerosene decreased by 1.51% from USD 774.99 per cubic meter to USD 763.28 per cubic meter.
Read Also: EPRA Leaves Fuel Prices Unchanged in Latest Review
