Home » Business » Fuel Prices Up in Latest EPRA Review

Fuel Prices Up in Latest EPRA Review

by Zablon Ondari
2 mins read
20210914 203613

Motorists will continue to pay more for fuel following the latest review of petroleum product prices by the Energy and Petroleum Regulatory Authority (EPRA).

The prices of super petrol, diesel and kerosene have been increased by Ksh7.58, Ksh7.94 and Ksh12.97 per litre, respectively.

In a statement issued in Nairobi on Tuesday, 14th September, EPRA said the prices were inclusive of the eight per cent Value Added Tax (VAT) in line with the provisions of the Finance Act 2018, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation.

The average landed cost of imported Super Petrol decreased by 0.72 per cent from $552.35 per cubic metre in July 2021 to $548.36 per cubic metre in August 2021; Diesel decreased by 4.81 per cent from $514.25 per cubic metre to $489.51 per cubic metre while Kerosene increased by 0.96 per cent from $493.45 per cubic metre to $498.19 per cubic metre.

The Free On board (FOB) price of Murban crude oil lifted in August 2021 was posted at $72.34 per barrel an increase of 8.46 per cent from $66.70 per barrel in July 2021.

Over the same period, the mean monthly US dollar to Kenya shilling exchange rate depreciated by 1.11 per cent from Ksh108.26 per US dollar in July 2021 to Ksh109.46 per dollar in August 2021.

Following the adjustments, a litre of super petrol, diesel, and kerosene in Nairobi will now retail at Ksh134.72, Ksh115.60 and Ksh110.82 per litre respectively.

In Mombasa, super petrol will be sold at Ksh132.46, diesel at Ksh113.36, and kerosene at Ksh108.57 per litre, while in Kisumu, a litre of super petrol will getil at Ksh135.13, diesel at Ksh116.30, and kerosene at Ksh111.54.

The prices announced will be in force from 15th September to 14th October.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More