EPRA Announces New Fuel Prices Effective Midnight

The Energy and Petroleum Regulatory Authority (EPRA) has announced new fuel prices set to take effect from midnight and remain in place until June 14.

In the latest review, fuel prices have decreased, with petrol, diesel, and kerosene dropping by Ksh1.00, Ksh1.20, and Ksh1.30 per litre, respectively.

Following these adjustments, motorists in Nairobi will now pay Ksh192.84 per litre of petrol, Ksh179.18 for diesel, and Ksh168.76 for kerosene.

"The prices include the 16% Value Added Tax (VAT) in line with the Finance Act 2023, the Tax Laws (Amendment) Act 2020, and the revised excise duty rates adjusted for inflation as per Legal Notice No. 194 of 2020," EPRA announced.

EPRA's review revealed that the landed cost of imported super petrol increased by 3.82% between March and April, while diesel decreased by 0.46% and kerosene by 0.05%.

EPRA Director General Daniel Kiptoo assured Kenyans that the authority remains committed to ensuring fair competition and protecting the interests of both consumers and investors in the energy and petroleum sectors.

Below are the new fuel prices for other major cities:

Kisumu: Petrol Ksh192.66, Diesel Ksh179.39, Kerosene Ksh169.01
Mombasa: Petrol Ksh189.66, Diesel Ksh176.01, Kerosene Ksh165.69
Nakuru: Petrol Ksh191.90, Diesel Ksh178.62, Kerosene Ksh168.26
Eldoret: Petrol Ksh192.67, Diesel Ksh179.39, Kerosene Ksh169.02

Fuel prices have been gradually declining in recent months, now retailing below the Ksh200 mark. However, some towns will continue to pay more than Ksh200 per litre for fuel, including Nakalale, Lokichogio, Marsabit, Moyale, and Wajir.

This announcement follows a previous price drop where Kenyans paid Ksh193.84 for a litre of petrol, Ksh180.38 for diesel, and Ksh170.06 for kerosene. Additionally, global oil prices have declined for two consecutive weeks, according to a weekly report from the Central Bank of Kenya.

"International oil prices declined during the week ending May 8, supported by balanced oil demand and supply, and the build-up of oil inventories amid increased geopolitical uncertainties," the report stated.