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The Energy and Petroleum Regulatory Authority (EPRA) has revised fuel prices for the period between April 15 and May 14, announcing a reduction that brings relief to consumers.
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In its latest monthly review released on April 14, EPRA lowered the prices of petrol, diesel, and kerosene, attributing the cuts to falling global oil prices and improved exchange rates.
In Nairobi, motorists will now pay Sh174.63 for a litre of super petrol, Sh164.86 for diesel, and Sh148.99 for kerosene.
In Kisumu, prices have been set at Sh174.67 for super petrol, Sh165.24 for diesel, and Sh149.42 for kerosene.
Mombasa residents will pay Sh171.39 for super petrol, Sh161.62 for diesel, and Sh145.75 for kerosene.
In Nakuru, the new rates are Sh173.85 for super petrol, Sh164.43 for diesel, and Sh148.61 for kerosene.
Eldoret’s prices match those in Kisumu, with super petrol at Sh174.67, diesel at Sh165.25, and kerosene at Sh149.42.
According to EPRA, these adjustments reflect the actual drop in the landed cost of imported fuel recorded in March. The price cuts are expected to lower transportation, manufacturing, and household expenses.
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Fuel prices in Kenya are updated monthly, based on global market trends, taxation policies, and importation costs, and they play a significant role in influencing inflation and economic health.
“For this review period, the maximum pump prices for Super Petrol, Diesel, and Kerosene have decreased by Sh1.95, Sh2.20, and Sh2.40 per litre respectively,” EPRA noted.
The revised rates include the 16% VAT, as required under the Finance Act 2023, the Tax Laws (Amendment) Act 2024, and the inflation-adjusted excise duty under Legal Notice No. 194 of 2020.
The objective of the Petroleum Pricing Regulations is to set price ceilings on fuel already in the country, ensuring recovery of importation and other justifiable costs, while keeping prices reasonable for consumers.
EPRA reaffirmed its dedication to upholding fair competition and safeguarding the interests of both consumers and investors within the energy and petroleum sectors.
