The Energy and Petroleum Regulatory Authority (EPRA) has reduced fuel prices. The new prices announced are for the period starting December 15 to January 14.
In the period under review, the maximum allowed petroleum pump price for Super Petrol, Diesel and Kerosene decrease by Sh. 5.00 per litre, Sh. 2.00 per litre and Sh. 4.01 per litre respectively.
Super petrol will now sell at Sh. 212.36 per litre. A litre of diesel will sell at Sh. 201.47 while a litre of kerosene will sell at Sh. 199.05.
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.
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The average landed cost of imported Super Petrol decreased by 16.11% from US$827.75 per cubic metre in October 2023 to US$694.44 per cubic metre in November 2023; Diesel decreased by 5.43% from US$873.42 per cubic metre to US$826.01 per cubic metre while Kerosene decreased by 6.63% from US$813.90 per cubic metre to US$759.93 per cubic metre.
