Fuel Prices Down In Kenya By Ksh 5- Here’s What You Need to Know

Good news for Kenyan motorists! The Energy and Petroleum Regulatory Authority (EPRA) has announced a decrease in fuel prices for the next month, starting January 15th, 2024.

Here’s the breakdown:

• Super Petrol: Down by Ksh5 per liter, bringing the new price in Nairobi to Ksh207.36 and Ksh207.12 in Kisumu.
• Diesel: Also drops by Ksh5 per liter, with a new cost of Ksh196.47 in Nairobi and Ksh196.64 in Kisumu.
• Kerosene: Sees a slightly smaller decrease of Ksh4.82 per liter, making it Ksh194.23 in Nairobi and Ksh194.42 in Kisumu.

What to expect:

• The new prices will be effective from midnight tonight, January 15th.
• This decrease reflects changes in global oil prices and the exchange rate.
• The 16% Value Added Tax (VAT) introduced in the Finance Act 2023 is already factored into the new prices.

Additional notes:

• EPRA cross-subsidized the cost of Diesel with Super Petrol, and Oil Marketing Companies will be compensated from the Petroleum Development Levy (PDL) fund.
• EPRA remains committed to ensuring fair competition and protecting the interests of both consumers and investors in the energy and petroleum sectors.