The latest monthly review by the Energy and Petroleum Regulatory Authority (EPRA) has resulted in a significant reduction in fuel prices, with decreases of up to Ksh18.
EPRA announced in a statement dated April 14, 2024, that the price adjustments include a decrease of Sh5.31 per liter for Super petrol, Sh10 per liter for diesel, and a substantial drop of Sh18.68 per liter for Kerosene.
In Nairobi, consumers can now expect Super petrol to retail at Sh193.84, Diesel at Sh180.38, and Kerosene at Sh170.06 per liter. Similarly, in Mombasa, prices stand at Sh190.66 for Super petrol, Sh177.21 for Diesel, and Sh166.99 for Kerosene per liter. Meanwhile, in Nakuru, fuel prices are set at Sh192.90 for Super petrol, Sh179.82 for Diesel, and Sh169.56 for Kerosene per liter.
These revised prices, which incorporate the 16 per cent Value Added Tax (VAT), will come into effect from midnight on April 14, 2024, until midnight on May 14, 2024. EPRA clarified that these adjustments align with the provisions of the Finance Act 2023, including the taxation laws and the updated rates for excise duty adjusted for inflation.
The announcement of reduced fuel prices follows shortly after President William Ruto’s disclosure that Kenyans can anticipate a Ksh10 decrease. Speaking during a Sunday service at ACK St Peter’s Cathedral in Nyeri, President Ruto highlighted the positive impact of lowered fuel prices on the nation’s economy, emphasizing that such measures contribute to economic improvement.
President Ruto stated, “Today, the price of Unga, which was Sh200, is almost hitting Sh100, and the shilling has strengthened against the dollar. Fuel prices were up, but today it is going down by Sh10. All this is because we are making the right decisions and not just popular ones.”
Earlier, government spokesperson Isaac Mwaura had also affirmed that the reduction in fuel prices is intended for the benefit of all Kenyans.
