The price of Super Petrol in the country will remain the same at Ksh217 per liter for the next month, according to a review released by the Energy and Petroleum Regulatory Authority (EPRA).
However, the price of Diesel and Kerosene has been slightly reduced by Ksh2 per liter to retail at Ksh203.47 and Ksh203.06 respectively in Nairobi.
According to EPRA Director General Daniel Kiptoo, the new prices result from an increase in the average landed cost of imported Super Petrol by 2.81% from US$805.14 per cubic meter in September 2023 to US$827.75 per cubic meter in October 2023.
“In order to cushion consumers from the spike in pump prices as a consequence of the landed costs, the government has opted to stabilize pump prices for the November-December 2023 pricing cycle. The National Treasury has identified resources within the current resource envelope to compensate oil marketing companies,” he added in a statement released Tuesday evening.
Without the stabilization, Epra said a litre of petrol would have hit a record Sh229.37 while a similar quantity of diesel and kerosene would have jumped to Sh223.29 and Sh206.70, hitting consumers further.