EPRA retains fuel prices ahead of festivities

NAIROBI, Kenya, Dec 14 – The Energy and Petroleum Regulatory Authority (EPRA) has retained fuel prices for another month with super petrol and diesel retailing at Sh129.72 and Sh110.60 per litre respectively.

The decision was made despite the rising global fuel costs and at a time when Kenyans are gearing up for the festive season which involves a lot of travel.

Kerosene, mostly used in low-income households will retail at Sh103.54

The agency, in a statement said “Despite the increase in the landed costs, the applicable pump prices for this cycle have been maintained as per the ones applicable in the previous cycle. The Government will utilise the Petroleum Development Levy to cushion consumers from the otherwise high prices.”

EPRA noted that the landed cost of imported Super petrol increased by 3.59 per cent from $606.06 (Sh67,872) to $561.06 (Sh62,899) while that of kerosene jumped by 15.8 per cent to $604.4. 

In Mombasa, Super Petrol will continue retailing at sh. 127.46, Diesel sh. 108.36 and Kerosene at sh101.29.

In Nakuru Super petrol will retail at sh129.24, Diesel sh110.43 and Kerosene at sh103.39.

The National Assembly Committee on Finance im October recommended a reduction on taxes and levies through tax law amendments to cushion Kenyans from the spike in fuel prices in the recent months.

The committee tabled a report before the House seeking to reduce the Petroleum Development Levy charged on Super Petrol and Diesel from sh5.40 to sh2.90.

Fuel consumers have been contributing to the levy kitty provided for fuel price stabilization in the country, with the highest contribution per litre of fuel being sh5.40 under the Petroleum Development Levy Fund Order (2020) leading to an increase in the cost of petroleum