Kenya’s Energy and Petroleum Regulatory Authority (EPRA) has reduced fuel prices, with consumers expected to pay less starting from Monday until 14 July.
In a statement released on Sunday, EPRA said the maximum allowed pump prices for Super Petrol and Diesel will decrease by Sh0.22 per litre and Sh10.00 per litre respectively, while the price of Kerosene remains unchanged.
In Nairobi, Super Petrol, Diesel and Kerosene will now retail at Sh214.03 (about $1.65), Sh222.86, and Sh191.38 per litre, respectively, for the next 30 days.
“The government will in this cycle cushion consumers through the Petroleum development levy fund by utilising approximately Sh10 billion to subsidise the prices of Diesel and Kerosene,” EPRA said.
The authority said the new prices are in line with a notice gazetted in April that temporarily cut value added tax on petroleum products from 16 percent to 13 percent, and subsequently down to eight percent.
The downwards review of prices follows a petition by public transport operators who cited the need to minimise the risk of fuel adulteration arising from the price difference between diesel and kerosene.
MG/jn/APA