In the recent review, Petrol prices reduced by Ksh1.00 to retail at Ksh192.84; Diesel by Ksh1.20 to retail at Ksh179.18 while the price of Kerosene reduced by Ksh1.30 to retail at Ksh168.76.
“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 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020,” EPRA announced.
In the review, EPRA revealed that the landed cost of Super Petrol increased by 3.82 per cent between March and April while the landing cost of Diesel decreased by 0.46 per cent.
Meanwhile, the landing cost of Kerosene reduced by 0.050 per cent during that period.
EPRA Director General Daniel Kiptoo assured Kenyans that the Authority was committed to observing fair competition and protection of the interests of both consumers and investors in the Energy and Petroleum sectors.
Below is how other major cities will be affected by the new prices;
Those in Kisumu will be charged Ksh192.66 for a litre of Petrol, Ksh179.39 for Diesel and Ksh169.01 for Kerosene.
Motorists in Mombasa will pay Ksh189.66 for Super Petrol, Ksh176.01 for Diesel and Ksh165.69 for Kerosene.
Kenyans in Nakuru will part with Ksh191.90 for a litre of Petrol, Ksh178.62 for Diesel and Ksh168.26 for Kerosene.
Eldoret motorists will pay Ksh192.67, Ksh179.39 and Ksh169.02 for a litre of Petrol, Diesel and Kerosene respectively.
Consistent Drop
Fuel prices have been on a gradual decline in the past few months and are now retailing below the Ksh200 mark.
However, some towns will still be paying more than Ksh200 for fuel. Some of these areas are Nakalale, Lokichogio, Marsabit, Moyale and Wajir among others.
Tuesday’s announcement was the second month running that EPRA was cutting fuel prices after the previous review which saw Kenyans pay Ksh193.84 for a litre of Petrol, Ksh180.38 per litre of Diesel and Ksh170.06 for a litre of Kerosene.
Additionally, global prices had declined for two consecutive weeks according to a Central Bank of Kenya (CBK) weekly report.
“International oil prices declined during the week ending May 8, supported by balanced oil demand and supply, and build-up of oil inventories amid increased geopolitical uncertainties,” read part of the weekly report.
