Wed. Oct 16th, 2024

EPRA announces reduced fuel prices for October

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EPRA announces reduced fuel prices for October

The Energy and Petroleum Regulatory Authority (EPRA) has announced a reduction in fuel prices, lowering the cost of Super Petrol by Sh8.18 per litre in its latest price review for October-November.

Diesel and kerosene prices have both been reduced by Sh3.54 per litre.

These new fuel prices will be in effect from October 15 to November 14, 2024.

EPRA clarified that the prices include the 16% Value Added Tax (VAT), in accordance with the Finance Act 2023, the Tax Laws (Amendment) Act 2020, and the inflation-adjusted excise duty rates as outlined in Legal Notice No. 194 of 2020.

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“The average landed cost of imported Super Petrol decreased by 8.59 per cent from US$697.62 per cubic metre in August 2024 to US$637.70 per cubic metre in September 2024; Diesel decreased by 5.52 per cent from US$673.36 per cubic metre to US$636.22 per cubic metre while Kerosene decreased by 6.73 per cent from US$668.34 per cubic metre to US$623.39 per cubic metre,” the statement reads.

Starting at midnight, Super Petrol will retail at Sh180.66, Diesel at Sh168.06, and Kerosene at Sh151.39 in Nairobi.

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In Mombasa, Super Petrol will retail at Sh177.42, Diesel at Sh164.82, and Kerosene at Sh148.15.

In Nakuru, Super Petrol will retail at Sh179.87, Diesel at Sh167.63 and Kerosene at Sh151.01.

Super Petrol will retail at Sh180.68, Diesel at Sh168.45 and Kerosene at Sh151.82 in Eldoret.

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