Energy and Petroleum Regulatory Authority of Kenya (EPRA) has on Sunday announced an increase in super petrol in latest review.
“In accordance with Legal Notice No.196 of 2010, the Energy (Petroleum Pricing) Regulations and the amendment thereof, the Energy & Petroleum Regulatory Authority (EPRA) has calculated the maximum retail pump prices of petroleum products, which will be in force from 15th July to 14th August 2019.” Said EPRA
In the latest review, Super petrol is expected to increase by Ksh 0.29 per litre while Diesel and Kerosine decrease by Ksh 0.88 and 2.31 respectively.
“Taking into account the weighted average cost of imported refined petroleum products the changes in the maximum allowed pump prices in Nairobi are as follows: Super Petrol increases by Sh. 0.29 per litre while Diesel & Kerosene decrease by Sh. 0.88 and Sh. 2.31 respectively.”
The pump prices released by EPRA are inclusive of 8% VAT which is in line with the provision of the Finance Act 2018.
“The changes in this month’s prices have been as a consequence of the average landed cost of imported Super Petrol decreasing by 1.83% from US$ 538.08 per cubic metre in May 2019 to US$ 528.26 per cubic metre in June 2019; Diesel decreasing by 3.07% from US$ 535.84 per cubic metre to US$ 519.39 per cubic metre and Kerosene decreasing by 5.49% from US$ 532.89 per cubic metre to US$ 503.63 per cubic metre.” Said EPRA
The new prices mean that Super Petrol will now retail at Ksh 115.39 while Diesel and Kerosine will retail at Ksh 103.88 and Ksh 101.97 in Nairobi starting midnight.
“Super Petrol, Diesel and Kerosene will retail at Kshs. 115.39, 103.88 and 101.97 in Nairobi starting midnight.” Said the regulators