EPRA Announces June 2024 Fuel Price

EPRA Announces June 2024 Fuel Price

EPRA Announces June 2024 Fuel Price

The fuel rates announced by the Energy and Petroleum Regulatory Authority (EPRA) will be in force from June 14, 2024, at midnight, to July 14, 2024.

In the most recent evaluation, which was released on Friday, June 14, EPRA lowered Super Petrol’s price by Ksh3.

Prices for diesel were lowered by Ksh6.08, while those for kerosene were lowered by Ksh5.71.

Super Petrol’s pump pricing in Nairobi will be Ksh189.84 after the review. Kerosene and diesel, on the other hand, will be priced at Ksh163.05 and Ksh173.10, respectively.

“In the period under review, the maximum allowed petroleum pump price for Super Petrol, Diesel and Kerosene decreases by Ksh3.00, Ksh6.08 and Ksh5.71 per litre respectively.

“In Nairobi, Super Petrol, Diesel and Kerosene will now retail at Ksh189.84, Ksh173.10 and Ksh163.05 effective midnight for the next 30 days,” read the statement in part.

The dip was ascribed by EPRA to the stabilization of the shilling’s value versus the dollar as well as a reduction in landing costs.

“The average landed cost of imported Super Petrol decreased by 1.95 per cent from US$765.87 per cubic metre in April 2024 to US$750.95 per cubic metre in May 2024,” stated EPRA.

“Diesel decreased by 3.92 per cent from US$719.21 per cubic metre to US$690.99 per cubic metre while Kerosene decreased by 6.84 per cent from US$728.97 per cubic metre to US$679.14 per cubic metre.”

Super Petrol, Diesel, and Kerosene were priced at Ksh186.66, Ksh169.13, and Ksh160 in Mombasa.

In the meantime, the price per liter for Super Petrol and Diesel for drivers in Kisumu is Ksh189.66 and Ksh173.31, respectively.

For the next thirty days, a liter of kerosene in Lakeside City will cost Ksh163.34.

Other noteworthy locations included Eldoret and Nakuru, where Super Petrol prices were capped at Ksh189.67 and Ksh188.90, respectively.

However, the price of diesel was restricted at Ksh172.54 in Nakuru and Ksh173.31 in Eldoret.

“The purpose of the Petroleum Pricing Regulations is to cap the retail prices of petroleum products which are already in the country so that importation and other prudently incurred costs are recovered while ensuring reasonable prices to consumers,” said EPRA.

“EPRA wishes to assure the public of its continued commitment to the observance of fair competition and protection of the interests of both consumers and investors in the energy and petroleum sectors.”

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