EPRA Announces New Pump Prices: Kerosene To Retail At KSh 199.05, Petrol KSh 212.36 Per Litre

• The maximum pump price for petrol has decreased by KSh 5.00 per litre, Diesel by KSh 2.00 per litre, and Kerosene by KSh 4.01 per litre
• Consumers in Nairobi can expect to pay KSh 212.36, KSh 201.47, and KSh 199.05 for a litre of Super Petrol, Diesel, and Kerosene, respectively
• EPRA highlighted a significant decline in the average landing cost of imported petroleum products

Elijah Ntongai, a journalist at TUKO.co.ke, leverages more than three years of expertise in financial, business, and technology research, providing insights into both Kenyan and global economic trends.

Nairobi -The Energy and Petroleum Regulatory Authority (EPRA) has released the revised maximum retail prices for petroleum products, effective from December 15, 2023, to January 14, 2024.

How much was the drop in fuel prices

During the reviewed period, the maximum pump price for Super Petrol has decreased by KSh 5.00 per litre, Diesel by KSh 2.00 per litre, and Kerosene by KSh 4.01 per litre.

As a result, consumers in Nairobi can expect to pay KSh 212.36, KSh 201.47, and KSh 199.05 for a litre of Super Petrol, Diesel, and Kerosene, respectively.

This announcement is anticipated to have a positive impact on consumers, offering relief by lowering the cost of essential fuel commodities in the country.

Costs of importing petroleum products

The adjustments come as EPRA continues to monitor and respond to changes in global oil prices, which have been going down, and other economic factors influencing oil prices.

EPRA highlighted a substantial decline in the average landing cost of imported petroleum products.

The cost of Super Petrol decreased by 16.11%, from $827.75 (KSh 126k) per cubic metre in October 2023 to $694.44 (KSh 106k) per cubic metre in November 2023.

Diesel and kerosene also experienced reductions, with diesel dropping by 5.43% and kerosene by 6.63%.

High Court bars EPRA from increasing petrol prices

The latest EPRA review comes days after the High Court issued conservatory orders blocking EPRA from increasing fuel prices, as reported by TUKO.co.ke.

On December 10, Kituo Cha Sheria moved to court, challenging EPRA's decision to maintain the high prices of petrol and diesel despite a global decrease in prices.

”The petitioner contends that the high fuel prices have resulted in very high and unaffordable transport costs for both private and public means of transport,” read the court's ruling in part.