Fuel prices will remain unchanged for the month ending March 14, providing Kenyans with some relief from the high cost of living.
On Tuesday, the Energy and Petroleum Regulatory Authority (EPRA) decided to keep the fuel prices in Nairobi unchanged, with petrol remaining at KES 177.3 per litre, diesel at KES 162 per litre, and kerosene at KES 145.94 per litre.
Additionally, EPRA opted to continue with cross-subsidization, which involves charging motorists more for petrol to keep diesel prices steady.
The price of diesel has been cross-subsidised with that of super petrol while a subsidy of KES 19.41 per litre has been maintained for kerosene to cushion consumers from the otherwise high prices.
EPRA
The review conducted by Epra resulted in the partial reinstatement of a margin of KES 2.54 per litre of petrol, which was crucial for fuel dealers who had been selling diesel and kerosene with no margins.
In Mombasa, the cost of one litre of petrol will be KES 174.98, with diesel priced at KES 159.76 and kerosene at KES 143.69. Meanwhile, a litre of petrol in Kisumu is at KES 177.50, with diesel priced at KES 162.70 and kerosene at KES 146.66. These prices include an 8% Value Added Tax (VAT), which complies with the Finance Act 2018 and the Tax Laws (Amendment) Act 2020.
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