Fuel prices remain unchanged in latest EPRA monthly review
By Maureen Kinyanjui |
Super Petrol will continue to retail at Sh180.66 per litre, Diesel at Sh168.06, and Kerosene at Sh151.39 in Nairobi.
The Energy and Petroleum Regulatory Authority (EPRA) announced on Thursday that fuel prices for Super Petrol, Diesel, and Kerosene will remain unchanged in its latest monthly review.
According to EPRA, Super Petrol will continue to retail at Sh180.66 per litre, Diesel at Sh168.06, and Kerosene at Sh151.39 in Nairobi.
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The calculated maximum retail prices of petroleum products would be in force for the next 30 days, from November 14, 2024 to December 14, 2024.
The announcement comes as a reprieve for most Kenyans who anticipated a hike in fuel prices following an increase in the international oil prices amidst a weakening shilling.
The regulator stated that the fuel prices include the 16 per cent Value Added Tax (VAT) as required by the Finance Act 2023 and the Tax Laws (Amendment) Act 2020.
"Currently, Kenya imports all its petroleum product requirements in refined form and the products are traded in international markets based on a pricing benchmark," EPRA said.
"The trade of petroleum products in the international markets is denominated in United States Dollars, and an exchange rate is applied to convert the US Dollars to Kenyan shillings during the computation of local pump prices."
Landed cost
EPRA also reported that the average landed cost of imported Super Petrol rose by 0.54 per cent, from Sh82,422 (US$637.70) per cubic meter in September 2024 to Sh82,867 (US$641.14) per cubic meter in October 2024.
Meanwhile, the cost of diesel dropped by 4.34 per cent, from Sh82,231 (US$636.22) per cubic meter to Sh78,662 (US$608.61) per cubic meter, while Kerosene increased by 3.97 per cent from Sh80,573 (US$623.39) per cubic meter to Sh83,773 (US$648.15) per cubic meter during the same period.
In Nakuru, petrol, diesel and kerosene will retail at Sh179.87, Sh167.63 and Sh151.01respectively.
The prices in Eldoret will retail at Sh180.68, Sh168.45 and Sh151.82 for super petrol, diesel and kerosene respectively.
In Mombasa, super petrol will sell at Sh177.42, diesel at Sh164.82 and kerosene at Sh148.15.
In Garissa, the retail prices of petrol, diesel and kerosene will be Sh185.14, Sh172.54 and Sh155.87 respectively.
Super petrol, diesel and kerosene in Mandera will retail at Sh194.66, Sh182.07 and Sh165.39 respectively.
The prices in Marsabit will be Sh189.09, Sh176.49 and Sh159.82 for super petrol, diesel and kerosene respectively.
Motorists in Kisumu will be purchasing petrol at sh180.68, diesel at Sh168.44 and Kerosene at Sh151.82.
The prices are inclusive of the 16 per cent Value Added Tax (VAT).
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