The Energy and Petroleum Regulatory Authority (EPRA) on Monday announced a decrease in fuel prices across Petrol, diesel, and Kerosene. Petrol will now retail at Ksh174.63, Diesel at Ksh164.8,6 and Kerosene at Ksh148.99 in Nairobi
Why It Matters: Over the past three months, the pump prices remained largely stable, but the decrease will offer temporary relief on Kenyans' personal finances. The population has been reeling under an overtaxed payroll following the introduction of NSSF and SHA deductions.
"In the period under review, the maximum allowed petroleum pump prices for Super Petrol, Diesel and Kerosene decreases by KSh1.95/litre, KSh2.20/litre and KSh2.40/litre respectively," the press release signed by EPRA DG Daniel Kiptoo read in part.
"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."
In March, EPRA maintained fuel prices for Super Petrol, Diesel, and Kerosene at Ksh176.58, Ksh167.06, and Ksh151.39, respectively, marking a 3-month plateau.
The prices were inclusive of VAT.
The current drop in fuel price can be attributed to a drop in barrel prices reported earlier this month. The Central Bank of Kenya (CBK) announced that international oil prices declined, with Murban oil trading at USD 64.77 (Ksh8,383.46) per barrel on April 10 from USD 71.86 (Ksh9,301.15) per barrel on April 3.
This, according to CBK, reflected concerns over the impact of US tariffs on global demand and increased production of oil in major oil-exporting countries.
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