EPRA Releases New Fuel Prices

Ezra Manyibe | 1 week ago
A gas station attendant fuels a customer's car. |Photo| Courtesy|

Energy and Petroleum Regulatory Authority (EPRA) has announced new pump prices for the upcoming month starting Tuesday, May 14, 2024.

In a statement, the state agency announced that the prices of petrol, diesel and kerosene will drop by Ksh1.00, Ksh1.20, and Ksh1.30 respectively. Following the changes, motorists in Nairobi will pay Ksh192.84 for a litre of petrol, Ksh179.18 for diesel and Ksh168.76. 

The prices are inclusive of the 16% Value Added Tax (VAT) in line with the provisions of the Finance Act 2023, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020.

According to EPRA, the average landed cost of imported Super Petrol increased by 3.82% from US$737.69 per cubic metre in March 2024 to US$765.87 per cubic metre in April 2024; Diesel decreased by 0.46% from US$722.51 per cubic metre to US$719.21 per cubic metre while Kerosene increased by 0.50% from US$725.31 per cubic metre to US$728.97 per cubic metre.

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