Nairobi, August 15, 2023 - The Energy and Petroleum Regulatory Authority (EPRA) has unveiled the fuel prices for the upcoming period spanning from Tuesday, August 15 to September 14. In a press release issued on Monday, August 14, the authority confirmed that consumers will experience no adjustments to the prices of Super Petrol, Diesel, and Kerosene.
Effective midnight in Nairobi, the rates will remain steady at Ksh194.68 for Super Petrol, Ksh179.67 for Diesel, and Ksh169.48 for Kerosene, as stated in the official announcement.
EPRA clarified that these prices include the 16 per cent Value Added Tax (VAT) in accordance with the stipulations outlined in the Finance Act 2023, the Tax Laws (Amendment) Act 2020, and the revised excise duty rates that have been adjusted for inflation, as indicated in Legal Notice No. 194 of 2020.
The authority further highlighted the government's decision to stabilize pump prices during the specified period, aiming to cushion Kenyan citizens from the burden of soaring fuel expenses.
Elaborating on the calculation, EPRA detailed that Super Petrol would have cost Ksh202.01, Diesel Ksh183.26, and Kerosene Ksh175.22. To counter these potential price hikes, oil marketers will be compensated Ksh7.33, Ksh3.59, and Ksh5.74 per liter for Super Petrol, Diesel, and Kerosene, respectively. These compensatory measures will be administered through the Petroleum Development Fund (PDF).
EPRA's Director General, Daniel Kiptoo, reaffirmed the organization's dedication to safeguarding the interests of both consumers and investors, ensuring protection against exorbitant fuel costs.
Geographical variations were also addressed in the announcement, with differing rates for various regions. In Mombasa, motorists can expect to pay Ksh191.62 for Super Petrol, Ksh176.63 for Diesel, and Ksh166.43 for Kerosene. Meanwhile, in Nakuru, prices stand at Ksh193.77 for Super Petrol, Ksh179.14 for Diesel, and Ksh168.99 for Kerosene.
For those in Northern Kenya, however, the financial burden is more pronounced, with prices surpassing the Ksh200 threshold. In Mandera, consumers will pay Ksh208.68 for Super Petrol, Ksh193.67 for Diesel, and Ksh183.49 for Kerosene. The trend continues with residents in Moyale facing Ksh204.81 for Super Petrol, Ksh189.80 for Diesel, and Ksh179.60 for Kerosene.
As EPRA maintains its commitment to transparency and fairness, these fuel prices reflect an important aspect of the nation's economic landscape, influencing various sectors and everyday lives alike.