The maximum allowed petroleum fuel prices for super Petrol, diesel and kerosene will remain unchanged for the period between November 15 to December 14, 2024.
This is according to the Energy and Petroleum Regulatory Authority (EPRA), which is mandated to review fuel prices every month.
In Nairobi, super petrol, diesel and kerosene will continue to retail at Ksh180.66, Ksh168.06 and Ksh151.39 for the next 30 days.
“The (fuel) 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,” EPRA stated.
EPRA reveals 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; diesel decreased by 4.34 per cent from US$636.22 per cubic metre to US$608.61 per cubic metre while kerosene increased by 3.97 per cent from US$623.39 per cubic metre to US$648.15 per cubic metre over the same period.
Currently, Kenya imports all its petroleum product requirements in refined form and the products are traded in international markets based on a pricing benchmark.
“The trade of petroleum products in the international markets is denominated in United States Dollars (USD), and an exchange rate is applied to convert the USD to KShs during the computation of local pump prices,” EPRA added.
