Epra Maintains Steady Fuel Prices from August 15 to September 14, 2024

         The Energy and Petroleum Regulatory Authority (Epra) has announced that fuel prices will remain unchanged for the period between  August 15, 2024, to September 14, 2024. In the latest review by Epra, consumers in  Nairobi county will see super petrol retailing at Sh188.84, diesel at Sh171.60, and kerosene at Sh161.75 .

         Epra, in its official statement, clarified that the prices were determined in line with Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022. “We have calculated the maximum retail prices of petroleum products, which will be in force from August 15, 2024, to September 14, 2024,” the authority noted.

         The steady fuel prices include the 16% Value Added Tax (VAT) as stipulated by the Finance Act 2023, the Tax Laws (Amendment) Act 2020, and the revised excise duty rates adjusted for inflation per Legal Notice No. 194 of 2020.

          Despite the unchanged pump prices, Epra reported a slight shift in the average landed cost of imported petroleum products. The cost of super petrol decreased by 1.06%, from US$716.03 per cubic meter in June 2024 to US$708.47 per cubic meter in July 2024. Conversely, the cost of diesel and kerosene experienced increases of 1.62% and 1.87%, respectively.

In other regions, the fuel prices will vary slightly:

• Mombasa: Super petrol at Sh185.66, diesel at Sh168.43, and kerosene at Sh158.70.
• Nakuru: Super petrol at Sh187.90, diesel at Sh171.04, and kerosene at Sh161.27.
• Eldoret: Super petrol at Sh188.67, diesel at Sh180.81, and kerosene at Sh162.04.
• Kisumu: Super petrol at Sh188.66, diesel at Sh171.81, and kerosene at Sh162.04.

          Epra’s decision to maintain current fuel prices provides a level of stability for consumers amid fluctuating global oil prices and economic adjustments.