The Energy and Petroleum Regulatory Authority (EPRA) on Tuesday, January 14, increased the prices of super petrol, kerosene, and diesel in its latest fuel review.
EPRA has noted that the maximum allowed petroleum pump prices for super petrol, diesel, and kerosene increased by Ksh0.29 per litre, Ksh2.0 per litre, and Ksh3.0 per litre, respectively.
“In accordance with Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022, the Energy & Petroleum Regulatory Authority (EPRA) has calculated the maximum retail prices of petroleum products, which will be in force from 15th January 2025 to 14th February 2025,” read in part of the Regulator’s statement.
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 2024, and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020.
“The average landed cost of imported super petrol decreased by 0.14% from US$612.53 per cubic meter in November 2024 to US$611.69 per cubic meter in December 2024; diesel increased by 0.06% from US$643.69 per cubic meter to US$644.10 per cubic meter, while kerosene decreased by 1.62% from US$660.30 per cubic meter to US$649.64 per cubic meter over the same period,” the statement further read.