Petrol Price Increases as Diesel Drops in New EPRA Review

Petrol Price Increases as Diesel Drops in New EPRA Review

The Energy Regulatory and Petroleum Authority (EPRA) has announced an increase in the price of petrol by Ksh0.72 per litre as that of diesel dropped by Ksh2.18 per litre.

Meanwhile, in the new review, the price of kerosene remains unchanged in the next one month.

According to the authority, the prices are inclusive of the eight percent Value Added Tax (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.

“This month’s prices are as a consequence of the average landed cost of imported super petrol increasing by 1.12 percent from $327.69 per cubic metre in August 2020 to $331.37 per cubic metre in September 2020 and diesel decreasing by 5.42 percent from $329.88 per cubic metre to $311.99 per cubic metre,” EPRA said in a statement.

“The Free On board (FOB) price of Murban crude oil lifted in September 2020 was posted at $42.35 per barrel, a decrease of 7.41 percent from $45.74 per barrel in August 2020. Over the same period, the mean monthly US dollar to Kenya shilling exchange rate depreciated by 0.62 percent from Ksh107.93 per dollar in August 2020 to Ksh108.60 per dollar in August 2020.”

Following the adjustments, a litre of super petrol, diesel, and kerosene in Nairobi will now retail at Ksh107.27, Ksh92.91 and Ksh83.73 respectively.

In Mombasa, super petrol will retail at Ksh104.86, diesel at Ksh90.53, and kerosene at Ksh81.37 per litre while in Kisumu a litre of super petrol will retail at Ksh107.88, diesel at Ksh93.77, and kerosene at Ksh84.60.

In Nakuru, a litre of super petrol will go for Ksh106.96, diesel Ksh92.85 while kerosene will retail at Ksh83.69.

The prices announced will be in force from 15th October to 14th November.