A fuel service station attendant at work/FILEThe Energy and Petroleum Regulatory Authority has increased the prices of fuel in their latest review.
Epra Director General Daniel Kiptoo, in a statement released on Tuesday, said for the January-February cycle, the prices for super petrol have risen by Sh0.29 per litre, diesel at Sh2 per liter, and Sh3 per litre for kerosene.
The new fuel prices will take effect from January 15 to February 14, 2025.
In the major cities, a litre of petrol will now retail at Sh173.43 in Mombasa, Sh176.58 in Nairobi, Sh175.80 (Nakuru), Sh176.62 (Eldoret and Kisumu).
Diesel will retail at Sh168.82 (Mombasa), Sh167.06 (Nairobi), Sh166.63 (Nakuru), Sh167.45 (Eldoret), and Sh167.44 (Kisumu).
Kerosene will sell at Sh151.82 (Kisumu and Eldoret), Sh151.01 (Nakuru), Sh151.39 (Nairobi), and Sh148.15 (Mombasa).
"The Energy & Petroleum Regulatory Authority (EPRA) has calculated the maximum retail prices of petroleum products, which will be in force from 15th January 2025 to 14th February 2025," Epra said in a statement to newsrooms.
"In the period under review, the maximum allowed petroleum pump prices for super petrol, diesel, and kerosene increased by Sh0.29/litre, Sh2.00/litre and Sh3.00/litre respectively."
According to Epra, the new 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 2024, and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020.
The regulator further said that the average landed cost of imported super petrol decreased by 0.14% from US$612.53 per cubic metre in November 2024 to US$611.69 per cubic metre in December 2024; diesel increased by 0.06% from US$643.69 per cubic metre to US$644.10 per cubic metre while kerosene decreased by 1.62% from US$660.30 per cubic metre to US$649.64 per cubic metre over the same period.
Epra said, "The purpose of the Petroleum Pricing Regulations is to cap the retail prices of petroleum products that are already in the country so that importation and other prudently incurred costs are recovered while ensuring reasonable prices to consumers."
This is the first time in a while since Epra announced a price hike for fuel in the country. In the month of December, pump prices for super petrol dropped by Sh4.37, with diesel and kerosene dropping by Sh3 for the December-January cycle.
The biggest drop in fuel prices was in the October-November cycle, where super petrol was reduced by Sh8.18 per litre, diesel at Sh3.54 per litre and Sh3.54 per litre for kerosene.