By Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022, the Energy & Petroleum Regulatory Authority (EPRA) has calculated the maximum retail prices of petroleum products which will be in force from 15th October 2024 to 14th November 2024.
Taking into account the weighted average cost of imported refined petroleum products, the changes in the maximum allowed petroleum pump prices in Nairobi are as follows; Super Petrol, Diesel, and Kerosene decrease by KShs.8.18/litre, KShs. 3.54 liter, and KShs.6.93/liter respectively.
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.
The average landed cost of imported Super Petrol decreased by 8.59% from US$697.62 per cubic meter in August 2024 to US$637.70 per cubic meter in September 2024; Diesel decreased by 5.52% from US$673.36 per cubic meter to US$636.22 per cubic meter while Kerosene decreased by 6.73% from US$668.34 per cubic meter to US$623.39 per cubic meter.
The changes in the landed costs are summarized in Table 1.
Table 1: Summary of Landed Costs
PRODUCT
AUG-24
SEP-24
CHANGE
Super Petrol
(US$/Cubic Metre)
697.62
637.70
-8.59%
Diesel
(US$/Cubic Metre)
673.36
636.22
-5.52%
Kerosene
(US$/Cubic Metre)
668.34
623.39
-6.73%
EPRA
ISO 9001:2015 Certified
D.KL
Currently, Kenya imports all its petroleum product requirements in refined form and the products are traded in international markets based on a pricing benchmark. Table 2 indicates the trend of petroleum prices in the international markets.
Table 2: Trend of International Petroleum Prices
Prices in US$/MT
Oct-23 Nov-23 Dec-23
Jan-24
Feb-24 March-24 April- 24 May-24 Jun-24 Jul-24 Aug-24 Sep-24
Super Petrol
804.16 791.66 747.11
770.64
838.04 881.11 927.00 849.52
814.49
831.61 769.73 695.05
Diesel
839.26 762.85 708.45
718.72
745.96
726.62 737.49 680.20
688.97
704.30 660.45 600.00
Kerosene
876.75 825.18 781.46
770.49
784.24 779.19 783.98 721.75
739.24
754.11 707.30 649.08
Further, the trade of petroleum products in the international markets is denominated in United States Dollars (USD), and an exchange rate is applied to convert the USD to KShs during the computation of local pump prices. Table 3 indicates the trend of the USD-KShs. exchange rate in the last 12 months.
Table 3: Trend of USD-KShs Exchange Rate
Forex
Oct-23 Nov-23 Dec-23
Jan-24 Feb-24
March-24
April-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24
USD/KShs
155.64 157.52 158.81 164.42 148.02 133.54
134.63 132.72 129.06
130.83 129.42 129.61
The trend of the price of Murban Crude oil in the last 12 months is indicated in Table 4.
Table 4: Trend of Murban Crude Oil prices in international markets
Murban Crude Oil Oct-23 Nov-23 Dec-23 Jan-24 Feb-24
USD/Bbl
87.28
93.92 91.00
83.32
77.68
89.14
Mar-24 April-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24
79.06 80.99 84.52
83.93
82.52 83.80
A summary of the resultant retail prices for major towns in Kenya is provided as Annex I while the wholesale prices at the main supply depots in Kenya are provided as Annex II. Further, a detailed breakdown of the cost items for retail prices in Nairobi is provided as Annex III for information.
PRA
ISO 9001:2015 Certified
DYC
The purpose of the Petroleum Pricing Regulations is to cap the retail prices of petroleum products that are already in the country so that importation and other prudently incurred costs are recovered while ensuring reasonable prices to consumers.
EPRA wishes to assure the public of its continued commitment to the observance of fair competition and protection of the interests of both consumers and investors in the energy and petroleum sectors.
Licenses are an essential part of a strong and resilient Energy Sector
Daniel Kiptoo Bargoria, MBS, OGW DIRECTOR GENERAL
PRA
ISO 9001:2015 Certified
Jok
ANNEX I
15th October 2024 – 14th November 2024
MAXIMUM PUMP PRICES
Automotive
Super Petrol
Diesel
Kerosene
TOWNS
(PMS)
(AGO)
KShs./L
KShs./L
(IK)
KShs./L
2 Kilifi
1 Mombasa
3 Likoni Mainland
4 Kwale
5 Malindi
6 Lungalunga
7 Voi
8 Taveta
177.42
164.82
148.15
178.19
165.59
148.92
177.80
165.21
148.54
177.80
165.21
148.54
178.41
165.81
149.14
178.57
165.97
149.30
179.01
166.41
149.73
180.52
167.92
151.25
9 Lamu
180.97
168.37
151.69
10 Hola
181.27
168.68
152.00
11 Mpeketoni
180.97
168.37
151.69
12 Minjila
179.86
167.26
150.58
13 Garsen
179.95
167.35
150.68
14 Samburu
177.75
165.15
148.47
15 Taru
177.94
165.35
148.67
16 Mwatate
179.37
166.77
150.09
17 Wundanyi
179.55
166.96
150.28
18 Kaloleni
177.60
165.00
148.32
19 Marereni
179.12
166.52
149.85
20 Nairobi
180.66
168.06
151.39
21 Thika
180.66
168.07
151.39
22 Machakos
180.91
168.32
151.64
23 Kajiado
181.11
168.51
151.83
24 Makuyu
180.97
168.37
151.69
25 Muranga
181.22
168.62
151.95
26 Sagana
181.46
168.86
152.18
27 Embu
181.84
169.24
152.57
28 Kerugoya
181.76
169.16
152.49
29 Narok
182.15
169.56
152.88
30 Nyeri
182.13
169.53
152.86
31 Namanga
182.32
169.72
153.04
32 Kiganjo
182.10
169.50
152.82
33 Chuka
182.41
169.81
153.14
34 Kitui
182.31
169.71
153.03
35 Mwingi
182.72
170.13
153.45
36 Nanyuki
182.73
170.14
153.46
PRA
ISO 9001:2015 Certified
DI
ANNEX I
15th October 2024 – 14th November 2024
MAXIMUM PUMP PRICES
TOWNS
Super Petrol (PMS)
Automotive
Diesel (AGO)
Kerosene (IK)
KShs./L
KShs./L
KShs./L
37 Nkubu
183.78
171.18
154.50
38 Mtito Andei
183.28
170.68
154.00
39 Meru
183.99
171.39
154.71
40 Isiolo
183.83
171.24
154.56
41 Maua
184.47
171.88
155.20
42 Garissa
185.14
172.54
155.87
43 Marsabit
189.09
176.49
159.82
44 Liboi
188.11
175.51
158.84
45 Moyale
190.79
178.20
161.52
46 Sololo
189.78
177.18
160.50
47 Habaswein
188.02
175.43
158.76
48 Dadaab
186.62
174.02
157.35
49 Tarbaj
190.44
177.85
161.17
50 Elwak
192.17
179.57
162.89
51 Wajir
190.61
178.01
161.33
52 Modogashe
188.18
175.58
158.91
53 Mandera
194.66
182.07
165.39
54 Matuu
181.62
169.02
152.35
55 Merti
186.40
173.80
157.12
56 Oldonyiro
183.19
170.59
153.92
57 Eldas
192.51
179.92
163.24
58 Bute
189.33
176.74
160.06
59 Hadado
187.82
175.22
158.55
60 Mai Mahiu
180.79
168.19
151.52
61 Doldo
183.55
170.96
154.28
62 Lamuria
182.61
170.01
153.34
63 Sipili
183.54
170.94
154.27
64 Marimanti
183.14
170.54
153.86
65 Mutuobare
182.42
169.83
153.15
66 North Horr
190.12
177.53
160.85
67 Maikona
188.64
176.04
159.36
68 Kalacha
189.22
176.62
159.95
69 Loyangalani 70 Turbi
189.29
176.69
160.02
189.08
176.48
159.81
PRA ISO 9001:2015 Certified
D.K
ANNEX I
15th October 2024 – 14th November 2024
MAXIMUM PUMP PRICES
Automotive
Super Petrol
Diesel
Kerosene
TOWNS
(PMS)
(AGO)
(IK)
KShs./L
KShs./L
KShs./L
71 Laisamis
72 Merille
73 Korr
74 Nakuru
75 Gilgil
76 Mogotio
77 Molo
78 Olenguruone
186.08
173.49
156.81
185.76
173.16
156.48
187.10
174.50
157.82
179.87
167.63
151.01
179.82
167.59
150.96
179.81
167.57
150.95
179.90
167.67
151.04
180.66
168.42
151.80
79 Londiani
180.15
167.91
151.29
80 Nyahururu
180.14
167.90
151.26
81
Archers Post
183.34
171.10
154.48
82 Lodosoit
184.52
172.28
155.66
83 Naivasha
180.22
167.98
151.36
84 Marigat 85 Kabarnet
180.65
168.41
151.79
181.17
168.94
152.31
86 Maralal
182.34
170.10
153.48
87 Wamba
183.24
171.01
154.38
88 Rumuruti
180.72
168.48
151.86
89
Eldoret
180.68
168.45
151.82
90 Kiplombe
180.68
168.45
151.82
91 Iten
180.68
168.45
151.82
92 Naiberi
180.68
168.45
151.82
93 Kesses
180.68
168.45
151.82
94 Kapsabet
180.70
168.47
151.84
95 Webuye
181.15
168.91
152.28
96 Kitale
181.08
168.84
152.22
97 Kapenguria
181.76
169.52
152.90
98 Bungoma
181.51
169.27
152.64
99 Moiben
180.70
168.47
151.84
100 Matunda
180.67
168.44
151.81
101 Burnt Forest
180.63
168.40
151.77
102 Tambach
180.73
168.49
151.87
103 Kapsowar
181.23
168.99
152.37
104 Chebara
105 Kimwarer
181.10
168.87
152.24
181.02
168.79
152.16
EPRA
ISO 9001:2015 Certified
Dik
ANNEX I
15th October 2024 – 14th November 2024
MAXIMUM PUMP PRICES
Automotive
Super Petrol
Diesel
Kerosene
TOWNS
(PMS)
(AGO)
(IK)
KShs./L
KShs./L
KShs./L
106 Timboroa
107 Nandi Hills
180.94
168.70
152.08
180.90
168.66
152.03
108 Kaiboi
180.74
168.51
151.88
109 Kiminini
181.27
169.04
152.41
110 Endebes
181.64
169.41
152.78
111 Saboti
181.30
169.06
152.44
112 Chepareria
181.98
169.74
153.12
113 Lomut
183.72
171.48
154.86
114 Burgich
182.42
170.18
153.56
115 Sigor
182.56
170.32
153.70
116 Lodwar
185.17
172.94
156.31
117 Kakuma
186.89
174.65
158.03
118 Lokichar
184.10
171.87
155.24
119 Kalokol
185.99
173.76
157.13
120 Lokori
184.50
172.26
155.64
121 Lokitaung
189.09
176.85
160.23
122 Kapedo
183.72
171.48
154.86
123 Malaba
181.93
169.71
153.07
124 Lokichogio
188.16
175.93
159.30
125 Ziwa
180.90
168.66
152.03
126 Soy
180.69
168.45
151.82
127 Moi’s Bridge
180.76
168.52
151.89
128 Turbo
180.63
168.40
151.77
129 Kibish
189.35
177.11
160.49
130 Nakalale
188.08
175.84
159.22
131 Loima
184.23
171.99
155.37
132 Lokiriama
185.91
173.68
157.05
133 Kainuk
182.91
170.67
154.05
134 Kacheliba
182.19
169.95
153.33
135 Kiwawa
182.84
170.60
153.98
136 Ortum
182.40
170.16
153.54
137 Kachibora
181.10
168.87
152.24
138 Kwanza
181.87
169.64
153.00
139 Kaplamai
181.13
168.90
152.27
EPRA
ISO 9001:2015 Certified
D.K
ANNEX I
15th October 2024- 14th November 2024
MAXIMUM PUMP PRICES
Automotive
Super Petrol
Diesel
Kerosene
TOWNS
140 Eldama Ravine
141 Tenges
(PMS)
(AGO)
(IK)
KShs./L
KShs./L
KShs./L
181.58
169.34
152.71
181.73
169.50
152.87
142 Barwessa
181.85
169.62
152.99
143 Kipsaraman
182.83
170.59
153.97
144 Loruk
182.69
170.45
153.83
145 Kabartonjo
181.58
169.34
152.71
146 Tindiret
181.64
169.41
152.78
147 O’lessos
180.76
168.52
151.89
148 Kobujoi
181.19
168.95
152.33
149 Serem
181.27
169.04
152.41
150 Kabiyet
180.69
168.45
151.82
151 Cheptulu
181.15
168.91
152.28
152 Songor
181.73
169.50
152.87
153 Kapcherop
181.34
169.10
152.48
154 Sambalat
182.07
169.85
153.21
155 Arror
181.70
169.46
152.84
156 Tot
181.92
169.69
153.06
157 Kaptarakwa
180.90
168.66
152.03
158 Kapese
184.07
171.83
155.20
159 Kalemngorok
183.41
171.17
154.55
160 Marich
182.32
170.08
153.46
161 Alale
182.84
170.60
153.98
162 Kunyao
182.48
170.24
153.62
163 Asilong
182.04
169.80
153.18
164 Orolwo
182.07
169.85
153.21
165 Sebit
182.03
169.79
153.16
166 Morpus
181.92
169.69
153.06
167 Chepkorniswo
181.80
169.57
152.93
168 Kaibichbich
181.75
169.51
152.89
169 Keringet
181.45
169.22
152.59
170 Kisumu
180.68
168.44
151.82
171 Sondu
180.80
168.56
151.93
172 Oyugis
181.31
169.07
152.45
173 Kakamega
180.74
168.50
151.88
EPRA
ISO 9001:2015 Certified
Дж
ANNEX I
15th October 2024 – 14th November 2024
MAXIMUM PUMP PRICES
Automotive
Super Petrol
Diesel
Kerosene
TOWNS
(PMS)
(AGO)
(IK)
KShs./L
KShs./L
KShs./L
174 Mumias
175 Bondo
176 Siaya
177 Kericho
178 Nyamira
181.03
168.79
152.17
180.91
168.68
152.04
181.04
168.80
152.18
181.23
168.99
152.37
181.30
169.06
152.44
179 Kisii
181.63
169.39
152.77
180 Sotik
181.45
169.21
152.59
181 Keroka
181.64
169.41
152.78
182 Busia
181.61
169.38
152.75
183 Homabay
181.56
169.32
152.70
184 Migori
182.48
170.24
153.62
185 Isebania
182.78
170.54
153.92
186 Bomet
181.88
169.64
153.02
187 Muhoroni
180.93
168.69
152.06
188 Mbita
181.54
169.31
152.68
189 Mbale
180.68
168.44
151.82
190 Etago
191 Magenche
192 Kilgoris
182.24
170.00
153.38
182.35
170.11
153.49
182.17
169.94
153.31
193 Malava
181.08
168.84
152.21
194 Lugari
181.49
169.26
152.63
195 Rodi Kopany
181.63
169.39
152.77
196 Ndhiwa
181.92
169.68
153.06
197 Rangwe
181.61
169.38
152.75
198 Sindo
199 Awasi
200 Ahero
201 Ugunja 202 Asembo
181.63
169.39
152.77
180.65
168.41
151.79
180.68
168.44
151.82
181.15
168.91
152.28
180.76
168.54
151.90
203 Usenge
181.28
169.05
152.42
204 Harambee
180.73
168.49
151.87
205 Muhuru Bay
182.63
170.39
153.77
206 Kehancha
182.87
170.65
154.01
207 Ntimaru
183.21
170.97
154.35
EPRA
ISO 9001:2015 Certified
D-1
ANNEX I
15th October 2024 – 14th November 2024
MAXIMUM PUMP PRICES
Automotive
Super Petrol
Diesel
Kerosene
TOWNS
(PMS)
(AGO)
(IK)
KShs./L
KShs./L
KShs./L
208 Rongo
181.89
169.66
153.03
209 Kaspokwony
181.85
169.62
152.99
210 Chwele
181.80
169.56
152.93
211 Kimilili
181.71
169.48
152.85
212 Nambale
181.61
169.38
152.75
213 SioPort
181.60
169.36
152.74
214 Port Bunyala
181.66
169.42
152.80
215 Funyula
181.46
169.22
152.60
216 Ogembo
181.80
169.56
152.93
217 Nyangusu
182.07
169.84
153.21
218 Sengera
181.99
169.75
153.13
219 Keumbu
181.70
169.46
152.84
220 Marani
181.38
169.14
152.52
221 Kerina
181.77
169.53
152.91
222 Ikonge
181.08
168.84
152.21
223 Nyansiongo
181.50
169.27
152.64
EPRA
ISO 9001:2015 Certified
Dts
ANNEX II
October 15 – November 14, 2024, MAXIMUM PETROLEUM WHOLESALE PRICES
Super Petrol
(PMS)
Automotive Diesel (AGO)
Kerosene
(DPK)
TOWNS
KES/L
KES/L
KES/L
1
Mombasa
167.30
154.70
138.03
2
Nairobi
170.53
157.95
141.26
3
Nakuru
169.74
157.50
140.88
4
Eldoret
170.57
158.33
141.70
LO
5
Kisumu
170.56
158.32
141.69
EPRA
ISO 9001:2015 Certified
1-14
ANNEX III
Breakdown of the costs of Super Petrol (PMS), Diesel (AGO) and Kerosene (DPK) in Nairobi: 15th October- 14th November 2024
Cost Item
Cost Description
Super Petrol
Diesel
Kerosene
KShs/Litre
KShs/Litre
KShs/Litre
Landed Cost (a)
Weighted Average cost for all imports
83.02
83.08
80.80
Pipeline Transport (Msa-Nrb)
Pipeline (100% PMS, AGO & IK)
2.79
2.79
2.79
Road Transport (Msa-Nrb) – Bridging
Road (0% PMS, AGO & IK)
0.00
0.00
0.00
Pipeline Losses
Pipeline (0.00%)
0.00
0.00
0.00
Depot Losses
Delivery within 40kms of Nrb
Storage and distribution (b)
0.5% PMS; 0.3% For DPK & AGO
0.70
0.39
0.34
Delivery to retail stations
0.54
0.54
0.54
4.03
3.72
3.67
Importers Margin
Dealers Margin
Oil marketing companies margins (c)
Wholesale
4.20
4.17
4.17
Retail Investment &Operating Margin
8.19
8.19
8.19
12.39
12.36
12.36
Excise Duty
Tax
21.95
11.37
11.37
Road Maintenance Levy
Levy
25.00
25.00
0.00
Petroleum Development Levy
Levy
5.40
5.40
0.40
Petroleum Regulatory Levy
Levy
0.75
0.75
0.75
Railway Development Levy
Levy
1.19
1.19
1.17
Anti-adulteration Levy
Levy
0.00
0.00
18.00
Merchant Shipping Levy
Levy
0.03
0.03
0.03
Import Declaration Fee
Levy
1.98
1.98
1.95
Value Added Tax (VAT)
Tax
24.92
23.18
20.88
Taxes and levies (d)
81.22
68.90
54.55
Retail Prices in Nairobi (a) + (b) + (c) + (d)
180.66
168.06
151.39
Summary
Products Costs (a)
Distribution and storage Costs (b)
Margins (c)
Taxes & Levies (e)
Retail Prices in Nairobi
Super Petrol
Diesel
Kerosene
KShs/Litre
KShs/Litre
KShs/Litre
83.02
83.08
80.80
4.03
3.72
3.67
12.39
12.36
12.36
81.22
68.90
54.55
180.66
168.06
151.39
PRA
ISO 9001:2015 Certified