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HomeBusinessPetrol Prices Increase By Ksh.16.96, Diesel Up By Ksh.21.32

Petrol Prices Increase By Ksh.16.96, Diesel Up By Ksh.21.32

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The Energy and Petroleum Regulatory Authority (EPRA) has increased fuel prices taking effect today, September 15.

In a statement on Thursday night, the Energy and Petroleum and Regulatory Authority (EPRA) increased Super Petrol prices by Ksh16.96, Diesel by Ksh21.32, and Kerosene by Ksh33.13.

The retail price of a litre of Super Petrol in Nairobi now costs Ksh211.64, Diesel Ksh200.99, and Kerosene Ksh202.61.

In Mombasa, the rates per litre are Super Petrol (Ksh.208.58), Diesel (Ksh.197.93), and Kerosene (Ksh.199.54).

In Kisumu; Super Petrol (Ksh.211.40), Diesel (Ksh.201.16) and Kerosene (Ksh.202.77).

According to EPRA Managing Director Daniel Kiptoo, the hike in fuel prices is due to an increase in the average cost of imported refined petroleum products.

“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,” he stated.

“The average landed cost of imported Super Petrol increased by 4.80% from US$739.21 (Ksh.108,516.03) per cubic metre in July 2023 to US$774.67 (Ksh.113,721.56) per cubic metre in August 2023.

Diesel increased by 12.52% from US$701.99 (Ksh.103,052.13) per cubic metre to US$789.89 (Ksh.115,955.85) per cubic metre while Kerosene increased by 19.79% from US$690.58 (Ksh.101,377.14) per cubic metre to US$827.26 (Ksh.121,441.77) per cubic metre.”

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