EPRA increases petrol by ksh 5.72

Nairobi, 

Saturday, 14 October, 2023 

McCreadie Andias 

Motorists and consumers of Petroleum products are expected to go a deeper inch into the pocket as the Energy and Petroleum regulatory Authority (EPRA) has announced increase in prices for super petrol, Kerosene and Diesel. 

In a Press statement by EPRA dated 14,October 2023, the Authority has announced that Petrol will now sell at an extra Ksh. 5.72 while Diesel and Kerosene will sell at an extra Ksh4. 48 and 2.45 respectively effective from 15th October 2023 to 14th November 2023. 

EPRA has faulted the increase in prices to the high cost of importation. 

"In accordance with Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022, EPRA Kenya has calculated the maximum retail prices of petroleum products, which will be in force from 15th October 2023 to 14th November 2023.

" Taking into account the weighted average cost of imported refined petroleum products, the changes in the maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol, Diesel & Kerosene increases by Kshs.5.72, Kshs.4.48 & Kshs.2.45 per litre respectively. "EPRA said in a press statement. 

In Nairobi, Super Petrol, Diesel and Kerosene will now retail at Kshs.217.36, Kshs.205.47 & Kshs.205.06 effective midnight for the next 30 days. 

In Kisumu Prices for the thre products will go for Ksh 217.12, 205.64 and 205.22 respectively, in Eldoret the products will now sell at Ksh217.12, 205.65 and 205.27 respectively, in Nakuru the prices will be at Ksh216. 35, 204.88 and 204.46 respectively while in Mombasa the products will be charged at Ksh 214.3, 202.41 and 201.99 respectively all per litre. 

While speaking during a press conference held at Ministry of Energy, Kenya's Kawi House this afternoon, EPRA Kenya's Director General, Daniel Kiptoo Bargoria said that 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.

"From the calculations Super Petrol had been projected to increase by Kshs.8.79/litre, Diesel by Kshs.16.12/litre and Kerosene by Kshs.12.05/litre. The Government has resolved to cushion consumers from the projected increase through a stabilization mechanism to be funded by the Petroleum Development Levy (PDL) in line with the Petroleum Development Levy, Order of 2020.," said Kiptoo.