By Grace Gilo.
The Energy Petroleum Regulatory Authority (EPRA) has officially declared a reduction in the prices of Super Petrol, Diesel, and Kerosene during the fuel price review on April 14th.
During a press conference today, EPRA revealed that the prices for Super Petrol would decrease by Ksh.5.31, Diesel by Ksh.10, and Kerosene by Ksh.18.49.
Currently, the fuel prices in Nairobi stand at Sh199.15 for super petrol, Sh190.38 for diesel, and Sh188.74 for kerosene.
The new pricing will take effect from April 15th to May 14th, 2024.
“In the period under review, the maximum allowed petroleum pump price for Super Petrol, Diesel and Kerosene decrease by KShs.5.31 per litre, KShs.10.00 per litre and KShs.18.68 per litre respectively,” EPRA stated.
EPRA also mentioned that “The prices are inclusive of 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.”
In Nairobi, a liter of petrol will now be sold at Ksh.193.84, diesel at Ksh.180.38, and Kerosene at Ksh.170.06.
In Kisumu, petrol will retail at Ksh.193.66 per liter, diesel at Ksh.180.59, and Kerosene at Ksh.170.31.
In Mombasa, petrol will be priced at Ksh.190.66 per liter, diesel at Ksh.172.21, and Kerosene at Ksh.166.99.
In Nakuru, petrol will now be sold at Ksh.192.90 per liter, diesel at Ksh.179.82, and Kerosene at Ksh.169.56.
EPRA’s director general, Daniel Kiptoo, emphasized that the main objective of the petroleum pricing regulations is to limit the retail prices of petroleum products.
He also reiterated the organization’s dedication to ensuring fair competition in the market.
During a Sunday service at ACK St Peter’s Cathedral in Nyeri, President William Ruto assured Kenyans of a Sh10 decrease in fuel prices.
The President emphasized that the reduction in fuel prices is a significant step towards advancing the country.
In the previous review in March, EPRA had lowered diesel prices by Sh5.09 per liter and kerosene by Sh4.49.
The Government Spokesperson, Isaac Mwaura, had earlier teased the reduction in prices of fuel.
Read more:EPRA Set to Review Fuel Prices.
“A major announcement on the reduction of fuel prices shall be made today at 3pm by the Energy and Petroleum Regulatory Agency (EPRA),” stated the Government Spokesperson.