Kenya’s Energy and Petroleum Regulatory Authority (EPRA) has announced a drop in fuel prices effective today, July 15, to August 14.
According to the regulator, petrol price will drop by Sh1, diesel by Sh1.50 and kerosene by Sh1.30.
“The prices are inclusive of the 16% Value Added Tax (VAT) in line with the provisions of the Finance Act 2023, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020,” EPRA said in a statement.
The drop in prices was necessitated by various factors including a decrease in the average landing cost of imported Super Petrol by 4.65 per cent from US$750.95 per cubic metre in May 2024 to US$716.03 per cubic metre in June 2024; Diesel decreased by 1.19 per cent from US$690.99 per cubic metre to US$682.73 per cubic metre while Kerosene increased by 2.01 per cent from US$679.14 per cubic metre to US$692.80 per cubic metre.
The drop in prices now means that consumers in Nairobi will pay a maximum of Sh188.84 for a litre of super petrol, Sh171.60 for a litre of diesel and Sh161.75 for a litre of kerosene.
Source: https://energynewsafrica.com