Purity Nelima
In the review, Super Petrol price has been reduced Sh5 per litre, while diesel and Kerosene have been reduced by Sh5 and Sh4.82 respectively.
The regulator said the new prices are inclusive of the 16 per cent Value Added Tax (VAT) in line with the provisions of the Finance Act 2023.The drop in fuel prices for the second month in a row, could be due to a drop in global crude prices.
In Nairobi, Super Petrol, Diesel and Kerosene will now retail at Sh207.36, 196.47 and Sh194.23 effective midnight for the next 30 days.
Epra in December announced a Sh5 drop in the pump price of a litre of super petrol, Sh2 on diesel and Sh4.01 on a litre of kerosene, even as it quoted crude prices at a much higher price of $93.92 for November imports, compared to the then average price of $76 per barrel, denying consumers full benefits.