Motorists can now breathe a sigh of relief as fuel prices have dropped in the latest Energy and Petroleum Regulatory Authority (EPRA) review.
In the new review, super petrol and l diesel prices dropped by Ksh5 while that of Kerosene went down by Ksh7.28.
In a statement issued in Nairobi on Thursday, 14th October, the energy regulator said the prices are inclusive of the eight per cent Value Added Tax in line with the provisions of the Finance Act,2018.
“The changes in this month’s prices are due to the average landed cost of super petrol increased by 1.17 per cent from $548.36 per cubic metre in August 2021 to $557.74 per cubic metre in September 2021. Diesel increased by 3.10 per cent from $489.51 per cubic metre to $504.68 per cubic metre and kerosene decreasing by 4.10 per cent from $498.19 per cubic metre to $477.75 per cubic metre,” EPRA said.
“The Free On board (FOB) price of Murban crude oil in September 2021 was posted at $73.50 per barrel, an increase of 1.60 per cent from $72.34 per barrel in August. Over the same period, the mean monthly US dollar to Kenya shilling exchange rate depreciated by 0.69 per cent from Ksh109.46 per dollar in August to Ksh110.21 in September.”
Following the adjustments, a litre of super petrol, diesel, and kerosene in Nairobi will now retail at Ksh129.72, Ksh110.60 and Ksh103.54, respectively.
In Mombasa, super petrol will retail at Ksh127.46, diesel at Ksh108.36, and kerosene at Ksh101.29 per litre, while in Kisumu a litre of super petrol will retail at Ksh111.30, diesel at Ksh111.30, and kerosene at Ksh104.26.
The prices announced will be in force from 15th October to 14th November.