EPRA Announces New Fuel Prices, Petrol Up by Sh 16.96
Energy and Petroleum Regulatory Authority (EPRA) has announced new fuel prices.
Super Petrol prices have been increased by Ksh.16.96, Diesel rises by Ksh.21.32, while Kerosene climbs the highest to Ksh.33.13 per liter.
EPRA Director General Daniel Kiptoo Bargoria noted that the increased prices were due to the weighted average cost of imported refined petroleum products.
“The prices are inclusive of the 16% Value Added Tax (VAT) in line with the provisions of the Finance Act 2023, the Tax Laws (Amendment) Act 2020, and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020,” he stated.
“The average landed cost of imported Super Petrol increased by 4.80% from US$739.21 (Ksh.108,516.03) per cubic meter in July 2023 to US$774.67 (Ksh.113,721.56) per cubic meter in August 2023; Diesel increased by 12.52% from US$701.99 (Ksh.103,052.13) per cubic metre to US$789.89 (Ksh.115,955.85) per cubic metre while Kerosene increased by 19.79% from US$690.58 (Ksh.101,377.14) per cubic metre to US$827.26 (Ksh.121,441.77) per cubic metre.”