Kenyan motorists can not afford a little smile on their way to the pump while a section of Kenyans, especially low-income earners have nothing to smile about after the latest Energy & Petroleum Regulatory Authority (EPRA) review of fuel prices.

EPRA on Wednesday released the latest calculations for the maximum retail prices of petroleum products in accordance with the Petroleum Act 2019 and Legal Notice No.192 of 2022.

These prices, which will be effective from 15th June 2023 to 14th July 2023, reflect the changes in the cost of imported refined petroleum products.

Super Petrol and Diesel prices are set to decrease, while Kerosene will experience an increase.

EPRA has determined that Super Petrol will decrease by Sh0.66 per litre and Diesel by Sh1.12 per litre. On the other hand, Kerosene will see an increase of Sh0.35 per litre.

Read More

  1. MPs propose fuel stock reforms for IPPs to lower electricity costs
  2. Kenyans breathe a sigh of relief as MPs block controversial energy levy increase
  3. Fuel prices remain steady as EPRA reports mixed trends in landing costs

It is important to note that these prices include 8 per cent Value Added Tax (VAT) in accordance with the provisions of the Finance Act 2018 and the Tax Laws (Amendment) Act 2020.

Additionally, the rates for excise duty have been adjusted for inflation as per Legal Notice No. 194 of 2020.

EPRA has provided a breakdown of the changes in the average landed cost of imported petroleum products. The average cost of Super Petrol decreased by 1.09 per cent, from US$724.01 per cubic metre in April 2023 to US$716.15 per cubic metre in May 2023.

Diesel, on the other hand, experienced an increase of 0.84 per cent, rising from US$688.07 per cubic metre to US$693.86 per cubic metre. Kerosene saw a decrease of 0.83 per cent, with prices falling from US$699.54 per cubic metre to US$693.71 per cubic metre.

EPRA also reported a decline in the Free On board (FOB) price of Murban crude oil. In May 2023, the FOB price stood at US$79.55 per barrel, representing a decrease of 4.37 per cent from US$83.36 per barrel in April 2023.

Moreover, during the same period, the exchange rate between the US Dollar and the Kenyan Shilling experienced a depreciation.

The mean monthly exchange rate depreciated by 1.75 per cent, with the rate falling from Sh138.96 per US Dollar in April 2023 to Sh141.39 per US Dollar in May 2023.

Below is the  full list of the reviewed fuel prices across the country: