EPRA Surrenders, Decreases Prices Of Diesel, Kerosene

In the latest monthly review, the price of Diesel and Kerosene decreased by Ksh2 per litre, but the price of Super Petrol was left unchanged.

Marvin Chege Marvin Chege
Nov 14, 2023 - 17:36 Updated: Nov 14, 2023 - 17:57
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EPRA Surrenders, Decreases Prices Of Diesel, Kerosene
A car being fuelled at a petrol station. /FILE

The Energy and Petroleum Regulatory Authority (EPRA) has announced the fuel prices for the period between Wednesday, November 15 and Thursday, December 14.

In the latest monthly review, the price of Diesel and Kerosene decreased by Ksh2 per litre, but the price of Super Petrol was left unchanged.

"In the period under review, the maximum allowed petroleum pump price for Super Petrol remain unchanged while that of Diesel and Kerosene decrease by Kshs.2.00 per litre," stated EPRA in part.

While the price of Super Petrol remains at Ksh217.36, the price of Diesel and Kerosene decreased to Ksh203.47 and Ksh203.06 respectively from Ksh205.47 and Ksh205.06.

New fuel prices as announced by EPRA on November 14, 2023. /VIRALTEAKE

The latest review comes amidst huge pressure by Kenyans on President William Ruto's administration to lower the cost of fuel which would in turn lower the cost of living amidst job cuts and freezes pushing scores of Kenyans into an economic black hole.

Critics have cornered the government for hiking the cost of fuel in the country as global oil prices are projected to drop to the lowest rate in months.

Neighbouring country Tanzania announced a decrease in fuel prices for November as Kenya continued to grapple with record-high fuel costs.

In a statement, Tanzania's Energy and Water Utilities Regulatory Authority (EWURA), the equivalent of Kenya's Energy and Petroleum Regulatory Authority (EPRA), revealed that the decrease was informed by trends in the global oil market in November.

"Changes in prices of petroleum products in November 2023 are mainly due to the decrease in the world oil price by an average of 5.68%, and a decrease in premiums for the importation of petroleum products by an average of 13% for PMS and 25% for AGO, reduction of production of petroleum products by OPEC+ and economic sanctions on Russia," stated EWURA in part.

Energy Cabinet Secretary (CS) Davis Chirchir on Monday, November 6 told the National Dialogue Committee (NADCO) that the Israel-Hamas war could risk pushing up fuel prices in the country to Ksh300 per litre.

"We can't do much on international pricing of petroleum. I read an article in the Financial Times the other day that because of the Hamas and Israeli War, the international prices could go up to USD150 (Ksh22,717) and that would mean our products going to a high of Ksh300 at the pump," CS Chirchir told NADCO.

It is important to note that Kenya imports all its petroleum product requirements in refined form, which makes the country susceptible to fluctuations in global oil prices and international market dynamics.

Usually, the change in fuel prices is a ripple effect, with any increase in fuel prices triggering possible increases in the cost of matatu fares, food, transportation and power generation operational costs, which include the transportation and logistics sectors, which are vital for the distribution of goods across the country.

A photo showing EPRA's price changes for September-October 2023 reflected at a fuel station. /MARVIN CHEGE.VIRALTEAKE

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