The Energy & Petroleum Regulatory Authority (EPRA) has maintained the retail prices of Super Petrol, Diesel, and Kerosene for the period from Thursday to 14th December 2024, keeping them unchanged across Kenya.

The announcement follows EPRA's monthly review, which assesses the costs of importing petroleum products and calculates the maximum retail prices allowed under the Petroleum Act 2019.

"In the period under review, the maximum allowed petroleum pump prices for Super Petrol, Diesel and Kerosene remain unchanged," EPRA announced

According to EPRA, the prices account for the 16 per cent Value Added Tax (VAT) in line with the Finance Act 2023, the Tax Laws (Amendment) Act 2020, and updated excise duties adjusted for inflation per Legal Notice No. 194 of 2020.

"In Nairobi, Super Petrol, Diesel and Kerosene will continue to retail at Sh180.66, Sh168.06 and Sh151.39 for the next 30 days," the authority stated.

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These factors ensure compliance with regulatory frameworks aimed at reflecting true market conditions in Kenya.

Interestingly, the landed costs—the expenses associated with importing these fuels—showed varying trends.

EPRA highlighted that, “The average landed cost of imported Super Petrol increased by 0.54 per cent from US$637.70 per cubic metre in September 2024 to US$641.14 per cubic metre in October 2024.”

In contrast, Diesel imports experienced a decrease, with the landed cost dropping by 4.34 per cent from US$636.22 to US$608.61 per cubic metre over the same period.

Kerosene imports, however, saw a notable increase of 3.97 per cent, rising from US$623.39 to US$648.15 per cubic metre.

The stabilisation of pump prices amidst these fluctuations in import costs brings some consistency for consumers, even as underlying international factors continue to impact the cost of bringing these products to Kenyan shores.

EPRA’s decision not to alter prices provides temporary relief from any potential hike in living costs, particularly as Kenyans face increasing economic pressures.