Fuel Prices Cross Ksh200 Mark
The Energy and Petroleum Regulatory Authority (EPRA) has announced new fuel prices for the period between September 15 and October 14, 2023.
In a statement, EPRA increased the prices of petrol, diesel and kerosene by Ksh16.96, Ksh21.32 and Ksh33.13 per litre, to retail at Ksh211.64, Ksh200.99 and Ksh202.61, respectively in Nairobi.
“Taking into account the weighted average cost of imported refined petroleum products, the changes in the maximum allowed petroleum pump prices In Nairobi are as follows: Super Petrol increases by Ksh16.96, Diesel increases by Ksh21.32 per litre and Kerosene increases by Ksh33.13 per litre. 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 012020\,” EPRA stated.
The average landed cost of imported Super Petrol increased by 4.80% from US$739.21 per cubic metre in July 2023 to US$774.67 per cubic metre in August 2023; Diesel increased by 1251% from US$701.99 per cubic metre to US$789.89 per cubic metre while Kerosene increased by 19.79% from US$69058 per cubic metre to US$827.26 per cubic metre.