This archive report was first published on 14 June 2020.
Motorists in Kenya are set to face higher fuel costs after the Energy and Petroleum Regulatory Authority (EPRA) increased the price of super petrol by Sh5.77 per liter, effective from mid-night on June 14, 2020.
The new price of Sh89.10 per liter is a result of a 31.54 percent increase in the average landed cost of imported super petrol from US$188.70 per cubic metre in April to US$248.21 per cubic metre in May.
However, diesel and kerosene users will not be affected as the prices of these commodities have been lowered by Sh3.80 and Sh17.31 per liter, respectively.
According to EPRA, diesel will retail at Sh74.57 per liter, while kerosene will retail at Sh62.46 per liter.
The regulator cited the changes in the prices of petroleum products as a result of the Tax Laws (Amendment) Act of 2020, which made taxes and duties part of the vatable amount in the calculation of VAT for petroleum fuels.
EPRA Director General Pavel Oimeke stated that the new prices had considered the changes effected by the Tax Laws (Amendment) Act of 2020.
“The objective of the fuel pricing regulations is to cap the wholesale and retail prices of petroleum products, which are already in the country, so that the importation and other prudently incurred costs are recovered, while ensuring reasonable prices to consumers,” Oimeke said.
