EPRA Announces Diesel, Super Petrol Prices As Kerosene Decreases
The Energy and Petroleum Regulatory Authority (EPRA) announced on Saturday that Super Petrol and Diesel prices will be unchanged in the September review.
Following EPRA’s announcement, Super Petrol will retail at Ksh188.84, Diesel at Ksh171.60, and Kerosene at Ksh158.32, down Ksh3.43 per litre.
According to the energy regulator, the prices were inclusive of the 16% Value Added Tax (VAT) in accordance with the Finance Act 2023 and the Tax Laws Amendment Act of 2020.
EPRA stated that the calculated maximum retail prices for petroleum products would be in effect from September 15, 2024, to October 14, this year.
In accordance with Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022, we have calculated the maximum retail prices of petroleum products, which will be in force from 15th September 2024 to 14th October 2024.^DC pic.twitter.com/H4Zd066bRZ
— Energy and Petroleum Regulatory Authority (@EPRA_Ke) September 14, 2024
EPRA also announced that the landed cost of imported super petrol has decreased by 1.53%, from Kh91,300 (US$708.47) per cubic metre in July 2024 to 89,938 (US$697.62) per cubic metre in August.
Meanwhile, the landed cost of diesel fell by 2.95%, from Ksh89,528 (US$693.82) per cubic metre to 86,900 (US$673.36) per cubic metre.
“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 stated.
“Further, 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 Dollar to Ksh during the computation of local pump prices.”
EPRA Announces Diesel, Super Petrol Prices As Kerosene Decreases
