The prices of petroleum products in Kenya have plummeted significantly in the latest review by the Energy and Petroleum Regulatory Authority (EPRA).
Super petrol prices in Nairobi dropped by Sh8.18 from Sh188.84 to Sh180.66. Diesel will now retail at Sh168.06 from Sh171.6, a decrease of Sh3.54.
Also, the review saw Kerosene price reduce by Sh6.93 per litre, dropping from Sh158.22 to Sh151.39.
In Mombasa, Super Petrol, Diesel, and Kerosene will retail at Sh177.42, Sh164.82, and Sh148.18, respectively. Nakuru prices differ, with consumers set to buy Super Petrol, Diesel, and Kerosene at 179.87, Sh167.63, and 151.01, respectively.
“In accordance with Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022, the Energy & Petroleum Regulatory Authority (EPRA) has calculated the maximum retail prices of petroleum products, which will be in force from 15th October 2024 to 14th November 2024,” noted EPRA in a statement.
“The prices are inclusive of the 16% VAT in line with the provisions of the Finance Act 2023, the Tax Laws (Amendment) Act 2020 & the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020,” EPRA added.
Also, EPRA reports a significant decline in the landed costs for all petroleum products. The average landed cost of imported Super Petrol was reduced by 8.59% to US$637.70 per cubic meter in September 2024 from US$697.62 in the last month.
The landed cost of diesel was reduced by 5.52% to US$636.22 per cubic meter from US$673.36 per cubic meter, while kerosene was reduced by 6.73% to US$623.39 from US$668.34 per cubic meter.
