The Energy Petroleum Regulatory Authority (EPRA) on Saturday December 14, 2024 announced a reduction in the prices of Super Petrol, Diesel, and Kerosene in its monthly price review.
In a statement on Saturday, EPRA noted that the new December prices for Super Petrol would decrease by Ksh.4.37, while both Diesel and Kerosene would reduce by Ksh.3 each.
“In the period under review, the maximum allowed petroleum pump prices for Super Petrol, Diesel and Kerosene decrease by Ksh.4.37/litre, Ksh.3.0/litre and Ksh.3.0/litre respectively,” stated EPRA.
“The 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.”
Following the review, a litre of petrol in Nairobi will retail at Ksh.176.29, diesel at Ksh.165.06 and Kerosene at Ksh.148.39.
In Mombasa, the cost will be Ksh.173.05, Ksh.161.82 and Ksh.145.15 for super petrol, diesel and kerosene respectively.
According to the government agency, the new prices would take effect at midnight of December 15.
EPRA said the drop in fuel prices was backed by lower landed costs of the fuel products in November.
