The Energy and Petroleum Regulatory Authority (EPRA) has announced new EPRA fuel prices for January and February 2024.
In a statement released on Sunday, EPRA announced a decrease in fuel prices in the recent review that will be in effect for another one month till February 2024.
According to EPRA, Super Petrol has decreased by ksh5, diesel by Ksh5, and kerosene by Ksh4.82 per litre. This will see a change in prices that were reviewed in December 2023.
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“In the period under review, the maximum allowed petroleum pump price for Super Petrol, Diesel and Kerosene decrease by Ksh5.00, Ksh.5.00 and Ksh.4.82 per litre respectively.”
This means that in Nairobi, the super petrol will retail at Ksh207, diesel at Ksh196.47, and kerosene at Ksh194.23. In Mombasa, motorists will pay Ksh204.3, Ksh193.41, and Ksh191.05 for petrol, diesel, and kerosene respectively.
Other cities like Eldoret will see motorists part with Ksh207.12 for petrol, Ksh196.65 for diesel, and Ksh194.43. Nakuru residents on the other hand will be charged Ksh206.35 for petrol, Ksh195.88 for diesel, and Ksh193.66 for kerosene.
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The new EPRA fuel prices are inclusive of the 16 per cent Value Added Tax (VAT) as outlined by the Finance Act 2023, the Tax Laws (Amendment) Act 2020, and the revised rates for exercise duty adjusted for inflation.
The authority’s Director General Daniel Kiptoo added that the price of diesel has been cross-subsidized with that of super petrol.
“Oil Marketing Companies (OMCs) will be compensated for the under-recovery costs from the Petroleum Development Levy (PDL) Fund.”
The prices will be effective from today till February 14th 2024 when the Energy Petroleum and Regulatory Authority EPRA will undergo another review.