Motorists have a reason to smile from today to 14th April 2024 as the The Energy and Petroleum Regulatory Authority (EPRA) has officially announced new fuel prices. In a statement on its twitter page, the Authority stated, “In accordance with Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022, @EPRA_Ke has calculated the maximum retail prices of petroleum products, which will be in force from 𝟏𝟓𝐭𝐡 𝐌𝐚𝐫𝐜𝐡 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟏𝟒𝐭𝐡 𝐀𝐩𝐫𝐢𝐥 𝟐𝟎𝟐𝟒.
From the notice, the maximum allowed petroleum pump price for 𝐒𝐮𝐩𝐞𝐫 𝐏𝐞𝐭𝐫𝐨𝐥, 𝐃𝐢𝐞𝐬𝐞𝐥and 𝐊𝐞𝐫𝐨𝐬𝐞𝐧𝐞 𝐝𝐞𝐜𝐫𝐞𝐚𝐬𝐞 by 𝐊𝐒𝐡𝐬.𝟕.𝟐𝟏, 𝐊𝐬𝐡𝐬.𝟓.𝟎𝟗 and 𝐊𝐒𝐡𝐬.𝟒.𝟒𝟗 per litre respectively. In Nairobi, Super Petrol, Diesel and Kerosene will now retail at Kshs.199.15, Kshs.190.38 and Kshs.188.74 effective midnight for the next 30 days.
“The prices are inclusive of the 16% Value Added Tax (VAT) in line with the provisions of the Finance Act 2023, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020.” read part of the statement.
Fuel Prices, The Kenyan Shilling and The Dollar
This decrease seems to be the highest decrease in fuel prices witnessed in the last 3 months where the price of Super Petrol has dropped to sub-200 Kenya Shillings. This is being attributred to the strengthening of the Kenyan Shilling against the Dollar from a high of Kenya Shillings 160/- to around Kenya Shillings 135/- as at today (14th March 2024).
Kenyans continue to hope that the Shilling will continue to strengthen with the hope that fuel prices will come down even further.
Young Lawyer with a passion for vehicles.
Upcoming Motor Journalist.
L'écriture est ma passion.
Nissan Patrol Y 62 is the goal.
www.karimi.co.ke
karimi@spaceyamagari.com
