The Energy and Petroleum Regulatory Authority (EPRA) has announced fuel prices that will take effect for the next one month.
In the latest review announced on Thursday, March 14, EPRA reduced Super Petrol prices by Ksh7.21. Diesel was reduced by Ksh5.09 and Kerosene by Ksh4.49.
In Nairobi, Super Petrol, Diesel and Kerosene will now retail at Ksh199.15, Ksh190.38 and Ksh188.74 effective midnight.
"In the period under review, the maximum allowed petroleum pump price for Super Petrol, Diesel and Kerosene decreases by Ksh7.21 per litre, Ksh5.09 per litre and Ksh4.49 per litre respectively.
"The prices are inclusive of the 16 per cent 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," read the statement in part.
EPRA credited the recent drop to several factors including the drop in the value of the dollar. The applied exchange rate used in the latest review was Ksh148, in comparison with Ksh164.42 which was used last month.
"The trade of petroleum products in the international markets is denominated in United States Dollars (USD), and an exchange rate is applied to convert the USD to Ksh during the computation of local pump prices," EPRA noted.
In Mombasa, a litre of Petrol will retail at Ksh195.97 while Kerosene will retail at Ksh187.21. Mombasa residents will purchase a litre of Kerosene for the next one month at Ksh185.58.
On the other hand, in Kisumu, motorists will purchase Super Petrol at Ksh198.97 and Diesel at Ksh190.59. EPRA capped the price of Kerosene at Ksh188.96.
Meanwhile, in Nakuru and Eldoret, motorists will purchase a litre of Super Petrol at Ksh198.21 and Ksh198.98 respectively. Diesel in the two urban centres will be purchased at Ksh189.82 (Nakuru) and Ksh190.59 (Eldoret).
Notably, the price drop was announced hours after President William Ruto hinted at the lowering of pump prices this month.
While addressing residents of Kericho during a development tour, Ruto credited the drop to strategies that had been applied by his administration.
