Breaking News: EPRA Reduces fuel prices for December- January 2024.
Breaking News: EPRA Reduces fuel prices for December- January 2024: In the review, petrol decreased by Ksh5, diesel by Ksh2, and kerosene by Ksh4.01. Motorists in Nairobi will now pay Ksh212.36 for petrol, Ksh201.47 for diesel, and Ksh199.05 for Kerosene per litre.
EPRA cited that the landing cost of imported petrol decreased by 16.11 per cent in November, Diesel by 5.43 per cent, and kerosene by 6.63 per cent, leading to a decrease in fuel prices.
EPRA stated,”The prices are inclusive of the 16 per cent 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.”
“The price of diesel has been cross-subsidized with that of super petrol to further cushion the economy, the government has opted to stabilise the resultant diesel price. Government through the National Treasury has identified resources within the current resource envelope to compensate Oil Marketing Companies,” EPRA added.
In Kisumu, Motorists will pay Ksh212.12 for petrol, Ksh201.64 for diesel, and Ksh199.23 for kerosene.In Mombasa they will be charged Ksh209.3 for petrol, Ksh198.41 for diesel, and Ksh195.92 for kerosene.
Notably, In Nakuru motorists will pay Ksh211.35, Ksh200.88, and Ksh198.46 for petrol, diesel and kerosene respectively. While in Eldoret, Fuel will be retailing at Ksh212.12 (petrol), Ksh201.65(diesel), and Ksh199.23(kerosene).
Previously, Fuel prices were retailing at Ksh217.36, Ksh203.47, and Ksh203.06 for petrol, diesel, and kerosene, respectively.
Also read Machogu commends Gov’t Online program earning Youths over 200K