EPRA Lowers Kerosene & Diesel Prices
EPRA Lowers Kerosene & Diesel Prices
In the most recent review, the Energy and Petroleum Authority (EPRA) kept the price of gasoline the same while lowering the price of diesel and kerosene. The energy regulator said in a statement on Tuesday that the cost of gasoline will not change in November.
Kerosene will cost Ksh203.06 at the pump, while diesel, which is usually utilized by factories and big commercial vehicles, would retail for Ksh203.47. “In the period under review, the maximum allowed petroleum pump price for Super Petrol remains unchanged while that of Diesel and Kerosene decreased by Ksh2.00 per litre,” stated EPRA.
“The prices are inclusive of the 16 per cent 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.”
Nairobi drivers will pay Ksh217.36, Ksh203.47, and Ksh203.06 for gasoline, diesel, and kerosene, respectively.The prices of gasoline, diesel, and kerosene in Mombasa are expected to be Ksh214.30, Ksh200.41, and Ksh199.99, respectively. According to EPRA, the price of gasoline, diesel, and kerosene in Nakuru will be Ksh216.35, Ksh202.88, and Ksh202.46, respectively.
Drivers in Eldoret will pay Ksh217.12, Ksh203.65, and Ksh203.22 for each of the three goods. Lokitaung, Lomut, Lodwar, Kakuma, Lokichar, Kalokol, Lokori, Lokichogio, Kibish, Nakale, Korr, Marsabit, Garissa, Isiolo, Moyale, Wajir, and Kolacha are among the places where fuel prices can reach up to Ksh220–Ksh227.
The most recent study is being released as Kenyans continue to pressure Ruto’s administration to reduce living expenses in the face of job losses and a freeze, which is driving millions more people into financial ruin. The administration has come under fire from critics for raising fuel prices in the nation despite a decline in petroleum prices globally to their lowest level in months.
Tanzania recently conducted an assessment that revealed a decline in the cost of petroleum products in the nation, which the local government attributed to a drop in the price of crude oil globally.
The announcement in Tanzania was made shortly after Cabinet Secretary of Energy Davis Chirchir warned that if the Israeli battle in Gaza intensifies, the price of gasoline could soon reach Ksh300 per liter.
Although Ruto informed Kenya Kwanza leaders during a meeting in State House that he was powerless to address the matter, the government has subsequently reversed course.
About half of the price of gas comes from taxes, therefore in order to lessen the burden on millions of Kenyans, some experts have asked Parliament to reduce or eliminate some taxes.
In an effort to lower living expenses, which have increased dramatically since the new government took office, the opposition has also pushed the Ruto administration to reinstate subsidies, particularly those related to fuel.
