Petrol and diesel prices have remained unchanged while the price of Kerosene has dropped by Sh3.43 per litre in this month’s Energy and Petroleum Regulatory Authority (Epra) price review.
In a statement, Director General Daniel Kiptoo said Super Petrol will continue to retail at Sh188.84 per litre, and Diesel will remain at Sh171.60.
However, the decrease in kerosene prices brings new price to Sh158.32 per litre in Nairobi. This reduction provides much-needed relief for households that rely on kerosene for cooking and lighting. The price adjustments reflect a decrease in the landed costs of imported fuels. Landed cost Specifically, the landed cost of Super Petrol fell by 1.53 per cent, decreasing from $708.47 (Sh91,300) per cubic metre in July to $697.62 (Sh89,938) per cubic metre in August.
Similarly, the landed cost of Diesel decreased by 2.95 per cent, dropping from $693.82 (Sh89,528) per cubic metre to $673.36 (Sh86,900) per cubic meter. Currently, Kenya imports all its petroleum product requirements in refined form and the products are traded in international markets based on a pricing benchmark,” EPRA stated in the review.
“Further, the trade of petroleum products in the international markets is denominated in United States Dollars and an exchange rate is applied to convert the US Dollar to Ksh during the computation of local pump prices.”
These changes in landed costs are significant, as they directly influence the retail prices consumers pay at the pump. Kerosene prices will vary slightly across regions, with Mombasa residents paying Sh155.07, Nakuru Sh157.91, Eldoret Sh158.73, and Kisumu Sh158.72 per litre.
All prices include the 16 per cent Value Added Tax (VAT) as mandated by recent fiscal policies, including the Finance Act 2023 and the Tax Laws Amendment Act of 2020.
The stability in fuel prices comes after a notable increase last year when petrol prices soared to Sh211.6 and diesel to Sh200.9 per litre.
This surge was largely attributed to rising global oil prices and economic pressures affecting many Kenyans, leading to widespread public discontent and protests against the government’s economic policies.
