The Energy and Regulatory Authority (EPRA) has slashed the prices of petrol, diesel and kerosene in its latest review.
For the cycle beginning 15th December 2023 to 14th January 2024, the prices of a litre of petrol, diesel and kerosene will drop by Ksh5, Ksh2 and Ksh4.01 respectively.
As a result, a litre of petrol, diesel and kerosene will retail at Ksh212.36, Ksh201.47 and Ksh199.45 respectively.
This will be a reprieve for Kenyans who have been hit by an all-time high price of fuel commodities after doubling the Value Added Tax (VAT) on the commodity.
“The price of diesel has been cross-subsidized with that of Super Petrol and in order to further cushion the economy, the Government has opted to stabilize the resultant diesel price. Government through the National Treasury has identified resources within the current resource envelope to compensate Oil Marketing Companies,” said EPRA in a statement.
Read: Petrol Price Remains Unchanged, Diesel, Kerosene Down Ksh2
“The average landed cost of imported Super Petrol decreased by 16.11 per cent from US$827.75 per cubic metre in October 2023 to US$694.44 per cubic metre in November 2023; Diesel decreased by 5.43 per cent from US$873.42 per cubic metre to US$826.01 per cubic metre while Kerosene decreased by 6.63 per cent from US$813.90 per cubic metre to US$759.93 per cubic metre,” added the Energy sector regulator.
In the Coastal city of Mombasa, petrol, diesel and kerosene will retail at Ksh209.93, Ksh198.41 and Ksh195.52 respectively.