Fuel prices remain unchanged in latest EPRA review

The price of fuel in the country will remain unchanged this month after the latest review by the Energy and Petroleum Regulatory Authority (EPRA).

In a statement issued on Friday, the authority announced the hold despite a drop in the import costs which it said was against the inflation costs.

“In accordance with Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022, the Energy & Petroleum Regulatory Authority (EPRA) has calculated the maximum retail prices of petroleum products which will be in force from 15th April 2023 to 14th May 2023,” EPRA Director General Daniel Kiptoo stated.

“In the period under review, the maximum allowed petroleum pump price of Super Petrol, Diesel and Kerosene remain unchanged.”

Subsequent to the hold in costs, a litre of petrol in the capital Nairobi will continue to be priced at Ksh.179.30, while diesel and kerosene will retail at a maximum of Ksh.162 and Ksh. 145.94 respectively.

Kiptoo further noted that the new prices had been subsidized across the fuel brands to cushion Kenyans from the high prices of a particular brand.

“The price of diesel has been cross-subsidized with that of Super Petrol while a subsidy of Ksh. 17.12 /litre has been maintained for Kerosene in order to cushion consumers from the otherwise high prices,” he noted.

“The Government will utilise the Petroleum Development Levy to compensate oil marketing companies for the difference in cost.”