Kenya’s Energy Petroleum and Regulatory Authority (EPRA) has announced the new fuel prices for between December 15, 2023 and January 14, 2024.
In the latest review, the authority said petroleum pump prices for Super Petrol, Diesel and Kerosene decreased by Ksh5.00, 2:00 and 4:01 per litre, respectively.
Following the announcement, in Nairobi, Super Petrol, Diesel and Kerosene will retail at Kshs.212.36, 201.47 & 199.05 effective midnight for the next 30 days.
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The prices include 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.
According to EPRA, the landing cost of imported petrol declined by 16.11% in November, diesel by 5.43%, and kerosene by 6.63%, resulting in lower fuel costs.
“The price of diesel has been cross-subsidized with that of super petrol to further cushion the economy, the government has opted to stabilize the resultant diesel price,” said EPRA in a statement.
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