Fuel Prices Hit Record High After EPRA September Review
The Energy Petroleum and Regulatory Authority (EPRA) on Thursday released the fuel prices for the period between September 15 to October 14.
EPRA increased the cost of Super Petrol to Ksh211.64, Diesel to Ksh200.99, and Kerosene to ksh202.61 per liter in Nairobi.
“The maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol increases by Ksh16.96, Diesel increases by Ksh21.32 per liter & Kerosene increases by Ksh33.13 per liter,” EPRA Director General Daniel Kiptoo announced.
EPRA explained that the cost increased due to the spike in the total landed cost of petroleum products.
“The average landed cost of imported Super Petrol increased by 4.80 percent from Ksh108,516 (USD739.21) per cubic meter in July 2023 to Ksh113,721 (USD774.67) per cubic meter in August 2023 while Diesel increased by 12.52 percent from Ksh103,052 (USD701.99) per cubic meter to Ksh115,955 (USD789.89) per cubic meter,”
“Kerosene increased by 19.79 percent from Ksh101,377 (USD690.58) per cubic meter to Ksh121,441 (USD827.26) per cubic meter,” the authority stated.
Motorists in Mombasa will pay Ksh208.58 for Super Petrol, Ksh197.93 for Diesel, and Ksh199.54 for Kerosene. While those in Nakuru will pay Ksh210.63 for Petrol, Ksh200.40 for Diesel, and Ksh202.01 for Kerosene.
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In Kisumu, Super will retail at Ksh211.40 at the pump while Diesel and Kerosene will be sold at Ksh201.16 and Ksh202.77 per litre respectively.
“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 2020, and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020,” the statement read in part.
In the last review, the government cushioned Kenyans against the rising costs through subsidies from the Petroleum Development Levy.
Motorists in Nairobi paid Ksh194.68 for a liter of Super Petrol, Ksh179.67 for a liter of Diesel, and Ksh179.67 for a liter of Kerosene.
The government introduced a subsidy of Ksh7.33, Ksh3.59, and Ksh5.74 per liter of Super Petrol, Diesel, and Kerosene respectively.
The high cost has pushed Kenyan motorists to seek alternative fuels such as natural gas and electricity. Local public transport providers have also introduced electric vehicles to their fleets.
Fuel Prices Hit Record High After EPRA September Review
