Reprieve As EPRA Reduces Fuel Prices for December – January 2024
The Energy Petroleum and Regulatory Authority (EPRA) on Thursday announced the new fuel prices for the period between December 15 this year and January 14, 2023.
In the latest review, petrol decreased by Ksh5, diesel by Ksh2, and kerosene by Ksh4.01. Motorists in Nairobi will now pay Ksh212.36 for petrol, Ksh201.47 for diesel, and Ksh199.05 for Kerosene per litre.
“The prices are inclusive of 16 per cent Value Added Tax in line with the provision of the Finance Act 2023, the Tax Laws (Amendment) Act 2020, and the revised rates for exercise duty adjusted for inflation as per legal notice No.194 of 20220,” Epra said in a statement.
The authority has attributed the decrease to a reduction in the landed cost of imported petrol.
According to Epra, the reduced cost is a result of a decrease in landing price by 16.11 per cent from US$827.75 per cubic metre in October 2023 to US$694.44 per cubic metre in November 2023.
For Diesel’s landing cost, it decreased by 5.43 per cent from US$873.42 per cubic metre to US$826.01 per cubic metre while Kerosene decreased by 6.63 per cent from US$813.90 per cubic metre to US$759.93 per cubic metre.
Previously, the prices stood at Ksh217.36, Ksh203.47, and Ksh203.06 for petrol, diesel, and kerosene, respectively.
