The Energy and Petroleum Regulatory Authority (EPRA) published the new fuel pricing on Wednesday, December 14 2022.
Super petrol will continue to retail for Ksh177.30 per litre, diesel for Ksh162, and kerosene for Ksh145.9 per litre. The pricing is set to take effect at midnight on December 15, 2022.
“In accordance with Section 101(y) of the Petroleum Act, 2019 and Legal Notice No.192 of 2022 EPRA has calculated the maximum retail prices of petroleum products which will be in force from 15th December 2022 to 14th January 2023.” Read the press release in part.
The prices are inclusive of the 8% VAT in line with the provisions of the Finance Act 2018, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020.
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Additionally, EPRA observed that in order to protect customers from the otherwise high prices, Kerosene continued to get a Ksh25.07 per litre subsidy while Diesel received the same subsidy as Super Petrol.
Super Petrol will continue to be sold in Nairobi for Ksh177.30, Diesel for Ksh162.00, and Kerosene for Ksh145.94.Super Petrol will cost Ksh177.50 in Kisumu, Diesel Ksh162.70, and Kerosene Ksh146.66.For Super Petrol, Diesel, and Kerosene, drivers in Nakuru will pay Ksh172.62, Ksh161.83, and Ksh145.79, respectively.
According to EPRA, the average landed cost of imported Super Petrol decreased by 5.60% from US$726.77 per cubic metre in September 2022 to US$686.05 per cubic metre in October 2022; Diesel decreased by 2.33% from US$884.46 per cubic metre to US$863.81 per cubic metre while Kerosene decreased by 9.08% from US$883.22 per cubic metre to US$803.06 per cubic metre.
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“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,” EPRA Director General Daniel Kiptoo Bargoria said.
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