The Energy and Petroleum Regulatory Authority (EPRA) has announced that the prices of super petrol, diesel, and kerosene will remain unchanged in the May fuel review.
In its latest fuel review released on Wednesday, May 14, EPRA announced that the prices of super petrol, diesel, and kerosene will continue to retail at Ksh174.63, Ksh164.86, and Ksh148.99, respectively, in Nairobi.
EPRA noted that the calculated maximum retail prices of petroleum products will be in force from May 15 to June 14 this year.
''In accordance with Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022, we have calculated the maximum retail prices of petroleum products which will be in force from May 15 to June 14,'' the statement read in part.
In Mombasa, super petrol, diesel, and kerosene will retail at Ksh171.39, Ksh161.62, and Ksh145.75.
While in Kisumu, super petrol, diesel, and kerosene will now retail at Ksh174.67, Ksh165.24, and Ksh149.42.
According to EPRA, the prices are inclusive of the 16 per cent value-added tax (VAT) in line with the provisions of the Finance Act 2023 and the Tax Laws (Amendment) Act 2024 and the revised rates for excise duty adjusted for inflation.
The average landed cost of imported Super Petrol decreased by 2.95 per cent from Ksh78,181.74 ($606.06) per cubic metre in March to Ksh75,872.64 ($588.16) per cubic metre in April.
Diesel decreased by 6.62 per cent from Ksh82,140.75 ($636.75) per cubic metre to Ksh76,703.40 ($594.60) per cubic metre while Kerosene decreased by 4.52 per cent from Ksh81,040.38 ($628.22) per cubic metre to Ksh77,379.36 ($599.84) per cubic metre over the same period.
EPRA explained that the price of these petroleum products is based on global market prices since Kenya does not produce or refine its own petroleum; it imports already processed fuel from other countries.
The unchanged prices provide a temporary relief for Kenyans as transport and vehicle expenses remain unchanged, as fuel is a major factor in determining travel costs.
Kenyans remain on the lookout for global oil price movements and future EPRA reviews to see the adjustments that will be made next month.
