The Energy and Petroleum Regulatory Authority (EPRA) has announced an increase in prices for Petrol, Diesel and Kerosene effective today, January 15 to February 14, 2025.
Unlike in Ghana where fuel prices are adjusted every two weeks, in Kenya, fuel prices are adjusted every month.
A statement issued and signed by EPRA Director-General Daniel Kiptoo on Tuesday said Super Petrol would increase by Ksh.0.29, Diesel by Ksh.2 and Kerosene by Ksh.3 per litre.
“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 2024 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020,” read the statement.
“The average landed cost of imported Super Petrol decreased by 0.14% from US$612.53 per cubic metre in November 2024 to US$611.69 per cubic metre in December 2024; Diesel increased by 0.06% from US$643.69 per cubic metre to US$644.10 per cubic metre while Kerosene decreased by 1.62% from US$660.30 per cubic metre to US$649.64 per cubic metre over the same period.”
Following the review, a litre of Super Petrol in Nairobi will now retail at Ksh.176.58, Diesel at Ksh.167.06 and Kerosene at Ksh.151.39.
In Mombasa, Super Petrol will go for Ksh.173.34, Diesel (Ksh.163.82), and Kerosene (Ksh.148.15).
In Kisumu, the costs for Super Petrol, Diesel and Kerosene will be Ksh.176.62, Ksh.167.44, and Ksh.151.82 respectively.
Crude Oil prices have soared on the international market since January 1.
Brent crude, the international benchmark ended the year 2024 at about $73 per barrel.
However, as of today, January 15, Brent has surged to about $80 per barrel.
Source: https://energynewsafrica.com
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