- The price of Super Petrol, Diesel and Kerosene will remain the same as last month.
- This means the revised price will see the pump price of Super Petrol remain at Sh179.30 a litre in Nairobi, while Diesel will retail at Sh162.00 per litre and Kerosene at Sh145.94 per litre.
The price of Super Petrol, Diesel and Kerosene will remain the same as last month.
This is according to the latest review by the Energy & Petroleum Regulatory Authority (EPRA) released on Friday May 14, 2023.
"In accordance with Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022, @EPRA_Ke has calculated the maximum retail prices of petroleum products which will be in force from 𝟏𝟓𝐭𝐡 𝐀𝐩𝐫𝐢𝐥 𝟐𝟎𝟐𝟑 𝐭𝐨 𝟏𝟒𝐭𝐡 𝐌𝐚𝐲 𝟐𝟎𝟐𝟑," the statement read.
"In the period under review, the maximum allowed petroleum pump prices for Super Petrol, Diesel and Kerosene remain unchanged."
This means the revised price will see the pump price of Super Petrol remain at Sh179.30 a litre in Nairobi, while Diesel will retail at Sh162.00 per litre and Kerosene at Sh145.94 per litre.
The prices are inclusive of the 8 per cent 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.
The average landed cost of imported Super Petrol increased by 1.07 per cent from USS 659.47 per cubic metre in February 2023 to US$ 666.51 per cubic metre in March 2023; Diesel decreased by 7.11 per cent from US$ 759.88 per cubic metre to USS 705.82 per cubic metre while Kerosene decreased by 7.30 per cent from US$ 763.28 per cubic metre to US$ 707.53 per cubic metre.
The price of diesel has been cross subsidized with that of Super Petrol while a subsidy of Sh17.12 /litre has been maintained for Kerosene in order to cushion consumers from the otherwise high prices.