The Energy and Petroleum Regulatory Authority (EPRA) on Tuesday, January 14, increased the prices of Super Petrol, Kerosene, and Diesel in its latest fuel review.
In the period under review, the maximum allowed petroleum pump prices for Super Petrol, Diesel & Kerosene increase by KShs.0.29, 2.00 & 3.00 respectively.
EPRA stated,”In accordance with Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022, we have calculated the maximum retail prices of petroleum products, which will be in force from 15th January 2025 to 14th February 2025.^DC
In Nairobi, Super Petrol, Diesel & Kerosene will retail at Kshs.176.58, 167.06 & 151.39 effective midnight.
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.
The increase in petroleum prices was caused by several factors including the increase in the landed cost of imported diesel.
EPRA Stated, “The average landed cost of imported Super Petrol decreased by 0.54% from 55612.93 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$654.10 per cubic metre while Kerosene decreased by 12% from US$660.30 per cubic metre to US$619.64 per cubic metre over the same period.”
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