The prices of Super Petrol, Diesel and Kerosene will now remain unchanged for the next 30 days in Nairobi after the latest monthly fuel review by the Energy and Petroleum Regulatory Authority (EPRA).
- The regulator retained pump prices for Super Petrol, Diesel and Kerosene at KSh 180.66, KSh 168.06, KSh 151.39 per litre respectively.
- The average landed cost of imported Super Petrol increased by 0.54% from KSh 637.70 per cubic metre to KSh 641.14 per cubic metre.
- Diesel landed cost decreased by 4.34% from KSh 636.22 to KSh 608.61 while Kerosene’s increased by 3.97% from KSh 623.39 to KSh 648.14
“The prices are inclusive of the 16% 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 in a statement.
In other major cities such as Mombasa, Petrol, Diesel and Kerosene will retail at KSh 177.42, KSh 164.82, and KSh148.15 respectively. In Kisumu, the commodity will retail at KSh 180.86, KSh168.44 and KSh 151.82 for Super Petrol, Diesel and Kerosene respectively.
Kenya currently imports all its fuel product requirements in refined form and the products are traded in international markets based on a pricing benchmark.
Markets have been paying close attention to fuel prices due to multiple factors, including the evolving conflicts in the Middle East which could disrupt crucial production sites and shipping routes, the rise of taxation as a form of deterrent against use of fossil fuels, and global geopolitics.
“The impact could be most severe for the countries directly involved, but they may also indirectly affect global energy costs and shipping routes,” World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala said in October.
