EPRA Announces November Fuel Prices
The Energy and Regulatory Authority (EPRA) on Thursday announced the prices of Super Petrol Diesel and Kerosene remain unchanged in the November fuel review.
In the latest fuel review, EPRA noted that Super Petrol will continue to retail at Ksh180.66 and diesel retail at Ksh168.06. Meanwhile, Kerosene was also retained at Ksh 151.39.
EPRA further noted that the calculated maximum retail prices of petroleum products would be in force from November 14 to December 14 this year.
According to EPRA, the prices were inclusive of the 16 per cent Value Added Tax (VAT) in line with the provisions of the Finance Act 2023 and the Tax Laws (Amendment) Act 2020.
EPRA further announced that the average landed cost of imported Super Petrol had increased by 0.54 per cent from Ksh82,422 (US$637.70) per cubic metre in September 2024 to Ksh82,867 (US$641.14) per cubic metre in October 2024.
Similarly, the landing cost of diesel decreased by 4.34 per cent from 82,231 (US$636.22) per cubic metre to 78,662 (US$608.61) per cubic metre while Kerosene increased by 3.97 per cent from Ksh80,573 (US$623.390 per cubic metre to Ksh83,773 (US$648.15) per cubic metre over the same period.
“Currently, Kenya imports all its petroleum product requirements in refined form and the products are traded in international markets based on a pricing benchmark,” EPRA noted.
“The trade of petroleum products in the international markets is denominated in United States Dollars, and an exchange rate is applied to convert the US Dollars to Kenyan shillings during the computation of local pump prices.”
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