Relief for Kenyans as fuel prices drop ahead of festive season
By Maureen Kinyanjui |
These new prices will remain in force for the next 30 days until January 14, 2025, when the next review will be done.
Kenyans can now breathe a sigh of relief following a reduction in fuel prices in an announcement by the Energy and Petroleum Regulatory Authority (EPRA).
In its latest review, EPRA slashed the maximum pump prices for super petrol, diesel, and kerosene by Sh4.47, Sh3, and Sh3 per litre, respectively.
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Effective midnight on December 15, super petrol will retail for Sh176.29 per litre, diesel for Sh165.06, and kerosene for Sh148.39 in Nairobi.
These new prices will remain in force for the next 30 days until January 14, 2025, when the next review will be done.
According to EPRA, the revised prices include the mandatory 16 per cent VAT as stipulated by the Finance Act, 2023, the Tax Laws (Amendment) Act 2020, and updated excise duty rates.
“The calculated maximum retail prices for petroleum products reflect the global market dynamics and local tax adjustments,” EPRA stated.
This development comes as a welcome reprieve for motorists, industries, and households grappling with a high cost of living, as fuel costs have been a significant burden in recent months.
Last month, EPRA had kept pump prices unchanged, despite fluctuations in the landed costs of imported super petrol.
In October, the cost of imported super petrol increased by 0.54 per cent, from $637.70 (Sh82,277) per cubic metre in September to $641.14 (Sh82,721).
More to follow…
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