The Energy and Petroleum Regulatory Authority (EPRA) has announced adjustments to maximum retail petroleum prices for the period 15th January to 14th February 2025, reflecting global oil market fluctuations and changes in domestic tax laws.
In the latest review, the price of Super Petrol, Diesel, and Kerosene has risen by KES 0.29, KES 2.00, and KES 3.00 per litre, respectively. The new prices incorporate a 16% VAT as mandated by the Finance Act 2023 and the Tax Laws (Amendment) Act 2024.
“The purpose of the Petroleum Pricing Regulations is to cap retail prices of petroleum products already in the country, ensuring importation and prudently incurred costs are recovered while maintaining reasonable prices for consumers,” said EPRA Director General Daniel Kiptoo Bargoria.
The adjustments come despite a marginal 0.14% drop in the average landed cost of Super Petrol, which fell to USD 611.69 per cubic metre in December 2024. Diesel costs edged up by 0.06%, while Kerosene saw a 1.62% decrease over the same period.
Fluctuations in global oil prices and exchange rates continue to exert pressure on domestic pump prices. EPRA noted that the average exchange rate for the USD-KSh remained relatively stable, closing at 129.58 in December 2024.
EPRA reiterated its commitment to balancing consumer protection with fair market practices. “We remain dedicated to observing fair competition and safeguarding the interests of both consumers and investors in the energy sector,” Bargoria affirmed.
