Motorists across Kenya will pay less at the pump over the next month after the Energy and Petroleum Regulatory Authority (EPRA) announced reductions in the retail prices of super petrol, diesel and kerosene.
In its latest monthly review released on Saturday, the regulator lowered the price of super petrol by Ksh4.20 per litre, diesel by Ksh3.90 and kerosene by Ksh1.00.
The revised prices take effect from 15 February to 14 March.
New pump prices
In Nairobi, a litre of super petrol will now retail at Ksh178.28, diesel at Ksh166.54 and kerosene at Ksh152.78.
In Mombasa, motorists will pay Ksh175.00 for super petrol, Ksh163.26 for diesel and Ksh149.49 for kerosene.
In Nakuru, the new prices stand at Ksh177.34 for super petrol, Ksh165.95 for diesel and Ksh152.21 for kerosene.
Meanwhile in Kisumu, super petrol will retail at Ksh178.16 per litre, diesel at Ksh166.76 and kerosene at Ksh153.03.
Announcing the review, EPRA Director-General Daniel Bargoria said the prices remain inclusive of statutory taxes.
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“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 2024 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020,” EPRA Director-General Daniel Bargoria said.
Kenya reinstated the full 16% VAT on petroleum products in 2023, a move that significantly pushed up pump prices and has remained a politically sensitive issue amid cost-of-living concerns.
Global oil trends
The latest reductions come against a backdrop of relatively stable international oil prices in recent weeks, with global benchmarks fluctuating amid shifting supply dynamics from major producers and concerns about global demand growth.
EPRA adjusts local pump prices monthly based on movements in international crude and refined product prices, exchange rate fluctuations, and applicable taxes and levies.
Lower diesel prices are likely to ease pressure on transport and food distribution costs, as diesel powers most public service vehicles and heavy commercial transport.
Kerosene, widely used by low-income households for cooking and lighting, has also seen a modest reduction.
Economists say sustained stability in global oil markets and exchange rates will be critical in determining whether the relief continues in subsequent pricing cycles.
