The Energy and Petroleum Regulatory Authority (EPRA) on Tuesday January 14, 2025, announced an increase in the fuel prices of Super Petrol, Kerosene, and Diesel in its latest review.
In a press statement, EPRA noted that the prices for Super Petrol, Diesel, and Kerosene increased by Ksh0.29 per litre, Ksh2.0 per litre, and Ksh3.0 per litre respectively.
This means that the prices of Super Petrol, Diesel, and Kerosene will now retail at Ksh176.58, Diesel at Ksh167.06, and Kerosene at Ksh151.39 respectively.
“The prices are inclusive of the 16% Value Added Tax (VAT) in line with the provisions of the Finance Act 2025, the Tax Laws (Amendment) Act 2024, and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2000,” read part of EPRA statement.
According to EPRA, the increase in fuel prices was caused by several factors including an increase in the landed cost of imported diesel.
However, the landed cost of super petrol and kerosene decreased, despite the upward trend in the latest prices.
“The average landed cost of imported Super Petrol decreased by 0.54% from 55612.93 per cubic metre in November 2024 to US$611.69 per cubic metre in December 2024; Diesel Increased by 0.06% from US$643.69 per cubic metre to US$654.10 per cubic metre while Kerosene decreased by 12% from US$660.30 per cubic metre to US$619.64 per cubic metre over the same period.”
EPRA explained that the new prices for the petroleum products would be in force for the next 30 days from Wednesday, January 15 to February 14, 2025.
Meanwhile, the increase in the fuel prices comes as a shock for most Kenyans who had expected a further drop in the fuel prices.