Kenya’s Energy and Petroleum Regulatory Authority (EPRA) has announced a drop in the price of petrol by KSh3 while that of diesel by KSh6.08 per litre and that of kerosene by Sh5.71 per litre.
EPRA announced the new prices in the latest review done on Friday, according a report by Kenya Star.
The review will cover the period between June 15, 2024, to July 14, 2024.
In Nairobi, super petrol, diesel and kerosene will now retail at Sh189.84, Sh173.10 and Sh163.05, respectively, effective midnight for the next 30 days.
In Mombasa, super petrol will sell at Sh186.66, diesel at Sh169.93 and kerosene at Sh160.
In Nakuru, the retail prices for petrol, diesel and kerosene will be Sh188.90, Sh172.54 and Sh162.57 respectively.
The prices in Eldoret will be Sh189.67, Sh173.31 and Sh163.34 for super petrol, diesel and kerosene respectively.
The prices are inclusive of the 16 per cent Value Added Tax (VAT).
EPRA said the drop is 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.
“The average landed cost of imported Super Petrol decreased by 1.95 per cent from US$765.87 per cubic metre in April 2024 to US$750.95 per cubic metre in May 2024,” EPRA said.
EPRA added that diesel decreased by 3.92 per cent from US$719.21 per cubic metre to US$690.99 per cubic metre while Kerosene decreased by 6.84 percent from US$728.97 per cubic metre to US$679.14 per cubic metre.
Source: https://energynewsafrica.com