Super petrol price down Sh5, diesel Sh10 in latest EPRA review

The prices of super petrol, diesel and kerosene dropped by big margins on Sunday in the regulatory agency's review for the April 15 to May 14 period.

The Energy and Petroleum Regulatory Authority (EPRA) announced that the price of a litre of super petrol had dropped by Sh5.31, from Sh199.15 to Sh193.84.

A litre of diesel will now retail at Sh180.38 from Sh190.38, while the same quantity of kerosene will cost Sh170.06 from Sh188.74.

Kerosene and diesel registered the biggest price drops, at Sh18.68 and Sh10, respectively.

Prices by town

Following these latest price drops, super petrol will now retail at Sh193.84, diesel at Sh180.38 and kerosene at Sh170.06 in Nairobi, while in Mombasa, the three commodities will cost Sh190.66, Sh177.21 and Sh166.99, respectively.

In Nakuru, super petrol will retail at Sh192.90, diesel at Sh179.82 and kerosene at Sh169.56.

In Eldoret, Kenyans will pay Sh193.67, Sh180.59, and Sh170.32, respectively, while in Garissa, they will retail Sh198.31, Sh184.86 and Sh174.52, respectively.

Marsabit residents will pay Sh202.27 for a litre of super petrol, Sh188.81 for diesel, and Sh178.49 for kerosene, while those in Wajir will pay Sh203.78, Sh190.33, and Sh180, respectively.

In Mandera, super petrol diesel, and kerosene will cost Sh207.84, Sh 194.38 and Sh184.06 per litre, respectively, while in Isiolo the three products will cost Sh197.01, Sh183.55 and Sh173.22, respectively.

The EPRA's prices are inclusive of the 16 per cent Value Added Tax (VAT) in line with the provisions of the Finance Act 2023, the Tax Laws (Amendment) Act 2020 and the revised excise duty rates that are adjusted for inflation as per Legal Notice No. 194 of 2020.

The authority factors in the average landed cost (ALC), which is the total cost of a product's journey from the source to the consumer.

The EPRA said for this latest review, the ALC of imported super petrol increased by 4.86 per cent from $703.49 per cubic metre in February 2024 to $737.69 per cubic metre in March.

Diesel's ALC also increased, by 0.003 per cent from $722.49 to $722.51 per cubic metre, while kerosene's decreased by 0.69 per cent, from $730.35 per cubic metre to $725.31 per cubic metre.

Government promises

The April drop in fuel prices is an improvement from March, when a litre of super petrol, diesel and kerosene declined by Sh7.21, Sh5.09, and Sh4.49, respectively. In Nairobi, the three commodities retailed at Sh199.15, Sh190.38, and Sh188.74 per litre, respectively.

The decline in the cost of a litre of kerosene brings much relief, especially to populations in rural areas, which rely on it for lighting and cooking.

Ahead of EPRA's announcement on Sunday, Government Spokesperson Isaac Mwaura hinted at the key price drops, writing on X, "This will go a long way in reducing the cost of living in the country for hustlers and Kenyans at large."

President William Ruto earlier announced that fuel prices would decrease by Sh10.

At a church service in Nyeri on Sunday, Ruto attributed the reduction in fuel prices to the "right decisions" his government has made to bolster the economy.

"The price of maize flour was nearing Sh200 but it's now close to Sh100. The dollar was at Sh160; now it's at a hundred and twenty-something and we are still not done. Oil prices, as you have seen, have dropped by Sh10 today...We are making the right decisions and Kenya is going to go forward. This nation will change for the better," he said.

Ruto noted that his government is focused on practical solutions for the nation rather than seeking popularity. He urged leaders to prioritise serving their constituents over personal ambitions.

President @williamsruto has always emphasized that Kenya lacked leaders willing to make difficult decisions. Despite the criticism, he has made difficult decisions; the ‘right decisions’, not the ‘popular decisions’, decisions he once said will be “in the short-term painful but… pic.twitter.com/kxu32hGSQI

— Hussein Mohamed, MBS. (@HusseinMohamedg) April 14, 2024