EPRA Retains Fuel Prices On Valentines Day
The new prices will take effect from Tuesday, February 14 at midnight.
Marvin Chege 
The Energy and Petroleum Regulatory Authority (EPRA) has announced that the fuel prices for the period between Wednesday, February 15 to March 14 will be unchanged.
Super Petrol, Diesel and Kerosene will remain at Ksh177.30, Ksh162 and Ksh145.94, respectively, in Nairobi.
The new prices will take effect from Tuesday, February 14 at midnight.
New fuel prices as announced by EPRA on January 14, 2023. /VIRALTEAKE
"The prices are inclusive of the 8 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 as per Legal Notice No. 194 of 2020," EPRA announced.
The average landed cost of imported Super Petrol decreased by 0.12 per cent between December 2022 and January 2023, with the price of diesel decreasing by 4.76 per cent and that of Kerosene decreasing by 5.10 per cent.
The price of diesel has been cross-subsidized with that of Super Petrol while a subsidy of Ksh19.41/litre has been maintained for Kerosene in order to cushion consumers from the otherwise high prices.
EPRA added that the government will utilise the Petroleum Development Levy to compensate oil marketing companies for the difference in cost.
"The Free Onboard (FOB) price of Murban crude oil lifted in January 2023 was posted at US$ 90.90 per barrel a decrease of 2.81 per cent from US$ 93.53 per barrel in December 2022.
"Over the same period, the mean monthly US Dollar to Kenya Shilling exchange rate depreciated by 1.60 per cent from Ksh128.58 per US$ in December 2022 to Ksh130.64 per US$ in January 2023," added EPRA.
Motorists in Mombasa will pay the least for fuel at Ksh174.98, Ksh159.76 and Ksh143 per litre for super, diesel and kerosene.
Pump prices in Kisumu were placed at Ksh177.5 per litre for petrol, Ksh162 per litre for diesel and Ksh146.6 for kerosene.
"The purpose of the Petroleum Pricing Regulations is to cap the retail prices of petroleum products which are already in the country so that importation and other prudently incurred costs are recovered while ensuring reasonable prices to consumers.
"EPRA wishes to assure the public of its continued commitment to the observance of fair competition and protection of the interests of both consumers and investors in the energy and petroleum sectors," added EPRA.
Motorists queuing for fuel at a petrol station in Nairobi. /MARVIN CHEGE.VIRALTEAKE
