The Energy Petroleum Regulator Authority (EPRA) recently conducted its monthly price review, reducing Super Petrol, Diesel, and Kerosene prices.
In an announcement on Thursday, EPRA shared that the price of petrol would decrease by Sh.5, while Diesel and Kerosene would both experience a Sh.2 and Sh.4 reduction per liter, respectively.
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As a result, in Nairobi, the new prices would be Sh.212.36 for petrol, Sh.201.47 for diesel, and Sh.199.05 for kerosene per litre.
This decline in fuel prices is attributed to a drop in the landed costs of Super Petrol, Diesel, and Kerosene.
EPRA clarified, “The average landed cost of imported Super Petrol decreased by 16.11% from US$827.75 per cubic meter in October 2023 to US$694.44 per cubic metre in November 2023; Diesel decreased by 5.43% from US$873.42 per cubic metre to US$826.01 per cubic metre while Kerosene decreased by 6.63% from US$813.90 per cubic metre to US$759.93 per cubic metre.”
EPRA further explained that the diesel price has been cross-subsidized with that of Super Petrol, and to provide additional economic relief, the Government has chosen to stabilize the resulting diesel price.
In this regard, EPRA stated, “Government through the National Treasury has identified resources within the current resource envelope to compensate Oil Marketing Companies.”
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