The Energy and Petroleum Regulatory Authority (EPRA) has announced fuel prices that will take effect from midnight of June 14 to July 14 2024.
In the latest review announced on Friday, June 14, EPRA reduced the price for Super Petrol by Ksh3.
Diesel prices were reduced by Ksh6.08 while Kerosene was reduced by Ksh5.71.
Following the review, pump prices for Super Petrol in Nairobi will be Ksh189.84. On the other hand, Diesel and Kerosene will be sold at Ksh173.10 and Ksh163.05 respectively.
"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.
"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," read the statement in part.
EPRA attributed the drop to the decrease in landing cost and the stabilisation of the shilling against the dollar.
"The average landed cost of imported Super Petrol decreased by 1.95 per cent 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 per cent from US$719.21 per cubic metre to US$690.99 per cubic metre while Kerosene decreased by 6.84 per cent from US$728.97 per cubic metre to US$679.14 per cubic metre."
In Mombasa, the price for Super Petrol, Diesel and Kerosene was set at Ksh186.66, Ksh169.13 and Ksh160.
Meanwhile, motorists in Kisumu will be purchasing Super Petrol at Ksh189.66 and Diesel at Ksh173.31 per litre.
A litre of Kerosene in the Lakeside city will be sold at Ksh163.34 for the next 30 days.
In other notable places such as Nakuru and Eldoret, the price of Super Petrol was capped at Ksh188.90 and Ksh189.67 respectively.
On the other hand, Diesel prices were capped at Ksh172.54 (Nakuru) and Ksh173.31 (Eldoret).
"The purpose of the Petroleum Pricing Regulations is to cap the retail prices of petroleum products which are already in the country so that importation and other prudently incurred costs are recovered while ensuring reasonable prices to consumers," EPRA stated.
"EPRA wishes to assure the public of its continued commitment to the observance of fair competition and protection of the interests of both consumers and investors in the energy and petroleum sectors."
