A fuel attendant at work/FILE
Kenya's energy regulator, EPRA, has announced a drop in fuel prices in its latest monthly review (April 15-May 14), offering relief to consumers.
The Energy and Petroleum Regulatory Authority (EPRA) on April 14 lowered the prices of petrol, diesel, and kerosene, citing reduced global oil prices and favorable exchange rates.
"In the period under review, the maximum allowed petroleum pump prices for Super Petrol, Diesel and Kerosene decreases by Sh1.95/litre, Sh2.20/litre and Sh.2.40/litre respectively," Epra said.
“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 2024 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020."
The review therefore means a liter of Super Petrol in Nairobi will retail at Sh174.63, Diesel at Sh164.86 and Kerosene at Sh148.99 in Nairobi.
Fuel will be much cheaper in Mombasa where a litre of petrol, diesel and kerosene will go for Sh177.39, Sh161.62 and Sh145.75.
Those in Eldoret will buy a litre of super petrol for Sh174.67, diesel Sh165.25 and Sh149.42 respectively.
This is a small relief to consumers as the global fuel prices drop to a 4- year low on worries U.S. President Donald Trump's latest trade tariffs could push economies around the world into recession and reduce global demand for energy.
On Monday, Brent futures fell $1.37, or 2.1 per cent, to settle at $64.21 per barrel.
According to EPRA, the average landed cost of imported super petrol dropped by 4.9 per cent to $637.22 (Sh82,584) per cubic metre while that of diesel and kerosene dropped by 6.45 and 6.53 per cent respectively to $680.83 (Sh88,236) and $672.14 (Sh87,158).
Fuel prices in Kenya are reviewed monthly based on global oil trends, taxes, and importation costs, and are a key factor influencing inflation and economic performance.
