EPRA Maintains Price Of Petrol And Diesel As Kerosene Drops By KSh 3.43

• In the latest EPRA review, kerosene price dropped by KSh 3.43 to retail at KSh 158.32, with diesel and petrol remaining unchanged to retail at KSh 188.84 and KSh 171.60, respectively
• The energy regulator attributed the review on Saturday, September 14, to the decrease in the landed cost of imported fuel products; the prices are inclusive of 16% VAT
• This came as the shilling continued to prove resilience against the abrasive dollar, which has eased inflation

Kai Eli, a journalist at TUKO.co.ke, brings more than three years of experience covering politics and current affairs in Kenya.

The Energy and Petroleum Regulatory Authority (EPRA) has announced new prices for fuel products that will be in force for the next 30 days.

In the review, super petrol and diesel prices remain unchanged, retailing at KSh 188.84 and KSh 171.60, respectively.

Kerosene prices decreased by KSh 3.43 to retail at KSh 158.32.

The new prices are inclusive of the 16% VAT.

What led to new fuel product prices?

According to EPRA, the new prices were occasioned by the decrease in the landed cost of imported fuel products.

Petrol decreased by 1.53% from US$708.47 (equivalent to KSh 91,000) per cubic metre in July to US$697.62 (KSh 90,000) per cubic metre in August.

Diesel decreased by 2.95% from US$693.82 (KSh 89,500) per cubic metre to US$673.36 (KSh 87,000) per cubic metre, while kerosene decreased by 5.30% from US$705.74 (KSh 91,000) per cubic metre to US$668.34 (KSh 86,000) per cubic metre.

How Kenya shilling is running against US dollar

The review came as the local currency continues to rally against the dollar thus easing inflation.

The Central Bank of Kenya (CBK) recently reported a continued stabilisation of the exchange rate.

CBK reported that the KSh remained stable against major international and regional currencies during the week ending September 5.

The monetary authority further reported that overall inflation for August 2024 rose to 4.4%, largely due to fuel inflation.

The overall year-on-year (annual) inflation rate, as measured by the Consumer Price Index (CPI) was 4.4%, in August 2024; a slight increase from an inflation rate of 4.3% recorded in July 2024.

Proofreading by Mercy Nyambura Guthua, journalist and copy editor at TUKO.co.ke

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