The Energy and Petroleum Regulatory Authority (EPRA) has announced reduced fuel prices in its March 2024 review.
The prices of super petrol, diesel and kerosene have decreased by Sh7.21, Sh5.09 and Sh4.49 per litre respectively.
In Nairobi, super petrol, diesel and kerosene will now retail at Sh199.15, Sh190.38 and Sh188.74 effective midnight for the next 30 days.
“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 raid for excise duty adjusted for inflation as per Legal Notice No.194 of 2020,” EPRA stated.
The average landed cost of imported Super Petrol increased by 5.60% from USD666.16 per cubic metre in January 2024 to US$703.49 per cubic metre in February 2024, Diesel decreased by 0.76% from US$728.23 per cubic mete to US$722.49 per cubic metre while Kerosene increased by 1.65% from US$718.51 per cubic metre to US$730.35 per cubic metre.
