EPRA: Fuel Prices Drop Again

The prices for a litre of Super petrol was formerly Ksh178, Diesel Ksh163, and Kerosene Ksh146.

Marvin Chege Marvin Chege
Nov 14, 2022 - 22:03 Updated: Nov 14, 2022 - 22:30
0
EPRA: Fuel Prices Drop Again

The Energy and Petroleum Regulatory Authority (EPRA) has announced that the fuel prices for the period between November 15 to December 14 have gone down.

Super Petrol, Diesel and Kerosene were reduced by Ksh1 to retail at Ksh177.30, Ksh162 and Ksh145.94, respectively, in Nairobi.

The prices for a litre of Super petrol was formerly Ksh178, Diesel Ksh163, and Kerosene Ksh146. The new prices will take effect from November 14 at midnight.

New fuel prices as announced by EPRA on November 14, 2022. /VIRALTEAKE

"Taking into account the weighted average cost of imported refined petroleum products and in line with Government policy, the changes in the maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol, Diesel and Kerosene decrease by Ksh1 per litre," read the notice in part.

The price of Diesel was cross-subsidized with that of Super Petrol while a subsidy of Ksh17.68 a litre was maintained for Kerosene in order to protect consumers from the high cost of fuel.

In Mombasa, the prices for petrol, Diesel and Kerosene retailed at Ksh174.98, Ksh159.76 and Ksh143.69 respectively. 

In Nakuru, the prices for petrol will now go for Ksh176.62, Diesel will retail at Ksh161.83 and Kerosene will go for Ksh145.79. 

In Eldoret, the prices for petrol, Diesel and Kerosene retailed at Ksh177.50, Ksh162.72 and Ksh146.67 respectively.

The government agency had previously noted that the drop in fuel prices was occasioned by the maintenance of fuel subsidies for Diesel and Kerosene.

"A subsidy of Kshs18.15 per litre and Kshs27.47 per litre has been maintained for Diesel and Kerosene respectively in order to cushion consumers from the high prices.

"The Government will utilise the Petroleum Development Levy to compensate oil marketing companies for the difference in cost," EPRA explained.

During his speech on Tuesday, September 13 after he was sworn in as Kenya's fifth Head of State, President William Ruto planned to end the fuel subsidy, arguing that taxpayers spent a total of Ksh144 billion, a whooping Ksh 60 billion in the last four months.

Former President Uhuru Kenyatta handing over the instruments of power to President William Ruto on September 13, 2022. /FILE