EPRA’s latest review maintains unchanged fuel prices

Despite a decrease in import costs, the Energy and Petroleum Regulatory Authority (EPRA) announced in a statement on Friday that fuel prices will remain the same in the country this month.

The decision was made because the import cost reduction was not in line with inflation costs.

“In accordance with section 101(y) of the Petroleum Act 2019 and Legal Notice No. 192 of 2022, the Energy and Petroleum Regulatory Authority (EPRA) has calculated the maximum retail prices of petroleum products which will be in force from 15th April to 14th May 2023,” EPRA Director General Daniel Kiptoo said.

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“In the period under review, the maximum allowed petroleum pump price of Super Petrol, Diesel and Kerosene remain unchanged.”

As a result of the unchanged price, Nairobi residents will continue to purchase a litre of petrol at Ksh. 179.30, while diesel and kerosene will be sold at a maximum of Ksh. 162 and Ksh. 145.94 respectively.

In addition, Kiptoo highlighted that the latest prices have been subsidized for all fuel types in order to protect Kenyans from the high costs of any specific type of fuel.

“The price of diesel has been cross-subsidized with that of Super Petrol while a subsidy of Ksh. 17.12/litre has been maintained for Kerosene in order to cushion consumers from the otherwise high prices,” he noted.

“The Government will utilise the Petroleum Development Levy to compensate oil marketing companies for the difference in cost.”