Breaking News: EPRA Announces Fuel Prices for January- February.
Breaking News: EPRA Announces Fuel Prices for January- February: In a statement dated 14th January 2023, EPRA announced that Super Petrol decreased by ksh5, diesel by Ksh5, and kerosene by Ksh4.82 per litre.
The EPRA statement read, “In the period under review, the maximum allowed petroleum pump price for Super Petrol, Diesel and Kerosene decrease by Ksh5.00, Ksh.5.00 and Ksh.4.82 per litre respectively.”
Consequently, In Nairobi, super petrol will sell at Ksh207, diesel at Ksh196.47, and kerosene at Ksh194.23.
EPRA cited that the new prices are inclusive of the 16 per cent Valued Added Tax (VAT) as outlined by the Finance Act 2023, the Tax Laws (Amendment) Act 2020, and the revised rates for exercise duty adjusted for inflation.”
“Oil Marketing Companies (OMCs) will be compensated for the under-recovery costs from the Petroleum Development Levy (PDL) Fund,” They added.
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