Retail fuel prices in Kenya will decrease starting Friday, according to a statement from the Energy and Petroleum Regulatory Authority (EPRA).
EPRA said the maximum price for super petrol will drop by KES 5 per liter, while diesel decreases by KES 2 per liter. The price of kerosene also drops by more than KES 4.
The agency attributed the price drops to decreases in global oil prices last month. The average landed cost of imported super petrol fell 16 percent in November compared to October. Diesel prices were down 5 percent and kerosene down nearly 7 percent over the one-month period.
“The changes in the landed costs are the main reason retail fuel prices are decreasing across the board,” EPRA Director General Daniel Kiptoo said in the statement Thursday.
With the new pricing, super petrol in Nairobi will retail at KES 212.36, diesel at KES 201.47 and kerosene at KES 199.05.
As with previous pricing notices, the new maximums account for Kenya’s value-added tax rate and excise duties on fuel products.
The price changes take effect Friday and will remain in place for one month until January 14, per the government’s pricing formula that adjusts each month based on global oil trading prices.
