Monday, June 17, 2024

Super petrol remains unchanged as Diesel, kerosene drop by Ksh 2

Energy and Petroleum Regulatory Authority (EPRA) has confirmed that the price of super petrol will remain unchanged while that of diesel and kerosene will reduce by Ksh 2per litre.

“In the period under review, the maximum allowed petroleum pump price for Super Petrol remain unchanged while that of Diesel and Kerosene decrease by Kshs.2.00 per litre.” said EPRA

Under the new prices, Super Petrol, Diesel and Kerosene will retail at Kshs.217.36, 203.47 and 203.06 respectively effective midnight with the prices inclusive of 16% VAT as stipulated in the Finance Act 2023, he Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020.

“In accordance with Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022, EPRA has calculated the maximum retail prices of petroleum products, which will be in force from 15th November 2023 to 14thDecember 2023.

In order to cushion consumers from the spike in pump prices, the Government has opted to stabilize pump prices for the November – December 2023 pricing cycle.

The National Treasury has identified resources within the current resource envelope to compensate Oil marketing Companies.” said EPRA

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