EPRA Maintains Current Fuel Prices
In the capital, Nairobi, Super Petrol, Diesel, and Kerosene will continue retailing at Kshs. 180.66, Kshs. 168.06, and Kshs. 151.39 per liter, respectively.
Fuel Pump, Gas Station, Gasoline. Colorful Petrol pump filling nozzles isolated on white background , Gas station in a service in warm sunset. Head fuel vehicle refueling facility.
The Energy and Petroleum Regulatory Authority (EPRA) has announced the maximum retail prices for petroleum products valid from November 15 to December 14, 2024, in compliance with Section 101(y) of the Petroleum Act, 2019, and Legal Notice No. 192 of 2022.
In this period, prices for Super Petrol, Diesel, and Kerosene will remain unchanged across Kenya, ensuring stability for consumers amid fluctuating global oil markets.
In the capital, Nairobi, Super Petrol, Diesel, and Kerosene will continue retailing at Kshs. 180.66, Kshs. 168.06, and Kshs. 151.39 per liter, respectively.
This decision marks a reprieve for households and businesses, maintaining the status quo during a time when international fuel prices are prone to sharp variations due to geopolitical tensions and economic pressures.
EPRA’s statement highlighted that these prices incorporate a 16% Value Added Tax (VAT), in line with stipulations outlined in the Finance Act 2023 and other relevant legislative frameworks, such as the Tax Laws (Amendment) Act 2020.
The prices also reflect adjustments for inflation as mandated by Legal Notice No. 194 of 2020, which aligns excise duties with prevailing economic conditions.
This regulatory move underscores the government’s ongoing efforts to balance consumer protection with fiscal requirements.
By maintaining steady prices, EPRA helps curb potential inflationary impacts that could arise from fuel price volatility, which would otherwise exacerbate the cost of living and transport expenses.
Analysts note that the unchanged prices come as a relief to both urban commuters and industries reliant on diesel and kerosene.
It also signals the authority’s awareness of the economic strain on Kenyans, especially in a year where global oil prices have experienced significant fluctuations.
Industry observers will be keenly watching for any changes in the next review, as factors such as international crude oil prices, the exchange rate, and regional supply dynamics could influence future pricing.
The upcoming review in mid-December is anticipated to shed more light on these aspects as EPRA continues its mandate to ensure fair pricing and market stability.
By adhering to established legislative guidelines and keeping prices constant, EPRA affirms its role in stabilizing the petroleum market during uncertain economic periods, offering predictability to consumers and stakeholders alike.
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