The Energy and Petroleum Regulatory Authority (EPRA) has announced new fuel prices that will be in effect from midnight of June 14 to July 14, 2024. In its latest review, EPRA has reduced the prices of Super Petrol, Diesel, and Kerosene.
The price of Super Petrol has been reduced by Ksh3 per litre, Diesel by Ksh6.08, and Kerosene by Ksh5.71. Following the review, the pump prices in Nairobi will be Ksh189.84 for Super Petrol, Ksh173.10 for Diesel, and Ksh163.05 for Kerosene.
“In the period under review, the maximum allowed petroleum pump price for Super Petrol, Diesel, and Kerosene decreases by Ksh3.00, Ksh6.08, and Ksh5.71 per litre respectively,” EPRA stated. “In Nairobi, Super Petrol, Diesel, and Kerosene will now retail at Ksh189.84, Ksh173.10, and Ksh163.05 effective midnight for the next 30 days.”
EPRA attributed the price reductions to the decrease in landing costs and the stabilization of the shilling against the dollar. “The average landed cost of imported Super Petrol decreased by 1.95 percent from US$765.87 per cubic metre in April 2024 to US$750.95 per cubic metre in May 2024,” EPRA explained. “Diesel decreased by 3.92 percent from US$719.21 per cubic metre to US$690.99 per cubic metre, while Kerosene decreased by 6.84 percent from US$728.97 per cubic metre to US$679.14 per cubic metre.”
In Mombasa, Super Petrol will retail at Ksh186.66, Diesel at Ksh169.13, and Kerosene at Ksh160.00. In Kisumu, Super Petrol will be sold at Ksh189.66, Diesel at Ksh173.31, and Kerosene at Ksh163.34 per litre for the next 30 days. In Nakuru and Eldoret, the price of Super Petrol is capped at Ksh188.90 and Ksh189.67 respectively, while Diesel prices are capped at Ksh172.54 in Nakuru and Ksh173.31 in Eldoret.
“The purpose of the Petroleum Pricing Regulations is to cap the retail prices of petroleum products already in the country, ensuring importation and other prudently incurred costs are recovered while guaranteeing reasonable prices to consumers,” EPRA stated. “EPRA wishes to assure the public of its continued commitment to the observance of fair competition and the protection of the interests of both consumers and investors in the energy and petroleum sectors.”
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