EPRA Announces July 2024 Fuel Price Update; Reduces Petrol by Ksh1

by Derrick Okubasu on Sunday, 14 July 2024 - 8:11 pm

A person refuels his car at a petrol station.

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Trading Room

The Energy and Petroleum Regulatory Authority (EPRA) has announced fuel prices that will take effect from midnight of July 15 to August 14, 2024.

In the latest review announced on Sunday, July 14, EPRA reduced the price of Super Petrol by Ksh1.

Diesel prices were reduced by Ksh1.50 while Kerosene was reduced by Ksh1.30.

"In the period under review, the maximum allowed petroleum pump price for Super Petrol, Diesel and Kerosene decrease by Ksh.1.00 per litre, Ksh.1.50 per litre and Ksh.1.30 per litre respectively," read the notice in part.

A man fueling a car at a petrol station

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New Vision

Following the review, pump prices for Super Petrol in Nairobi will be Ksh188.84. On the other hand, Diesel and Kerosene will be sold at Ksh171.6 and Ksh161.75 in Nairobi respectively.

Previously, Super Petrol retailed at Ksh189.84 in the capital city. On the other hand, Diesel and Kerosene were sold at Ksh173.10 and Ksh163.05 respectively.

Consequently, a litre of super petrol will retail at Ksh185.66 in Mombasa, Ksh187.90 in Nakuru and Ksh188.67 in Eldoret.

Diesel, on the other hand, will cost Ksh168.43 in Mombasa, Ksh171.04 in Nakuru and Ksh171.81 in Eldoret.

Kerosene will be valued at Ksh158.7 in Mombasa, Ksh161.27 in Nakuru and Ksh162.04 in Eldoret.

"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," advised EPRA.

EPRA further noted that the average landed cost of imported super petrol decreased by 4.65 per cent in June compared to May while diesel reduced by 1.19 per cent. Kerosene's landed cost increased by 2.01 per cent in June as compared to May.

"The average landed cost of imported Super Petrol decreased by 4.65% from US$750.95 per cubic metre in May 2024 to US$716.03 per cubic metre in June 2024; Diesel decreased by 1.19% from US$690.99 per cubic metre to US$682.73 per cubic metre while Kerosene increased by 2.01% from US$679.14 per cubic metre to US$692.80 per cubic metre," added EPRA.