This archive report was first published on 15 September 2021.
On September 14th, the Energy and Petroleum Regulatory Authority (EPRA) announced the latest review of petroleum product prices, resulting in increased costs for motorists.
The prices of super petrol, diesel, and kerosene have been increased by Ksh7.58, Ksh7.94, and Ksh12.97 per litre, respectively, effective from September 15th to October 14th.
According to EPRA, the prices are inclusive of the eight per cent Value Added Tax (VAT) as per the Finance Act 2018, the Tax Laws (Amendment) Act 2020, and the revised rates for excise duty adjusted for inflation.
The average landed cost of imported Super Petrol decreased by 0.72 per cent from $552.35 per cubic metre in July 2021 to $548.36 per cubic metre in August 2021, while Diesel decreased by 4.81 per cent from $514.25 per cubic metre to $489.51 per cubic metre.
However, Kerosene increased by 0.96 per cent from $493.45 per cubic metre to $498.19 per cubic metre over the same period.
The Free On board (FOB) price of Murban crude oil lifted in August 2021 was posted at $72.34 per barrel, an increase of 8.46 per cent from $66.70 per barrel in July 2021.
Additionally, the mean monthly US dollar to Kenya shilling exchange rate depreciated by 1.11 per cent from Ksh108.26 per US dollar in July 2021 to Ksh109.46 per dollar in August 2021.
Following the adjustments, a litre of super petrol, diesel, and kerosene in Nairobi will now retail at Ksh134.72, Ksh115.60, and Ksh110.82 per litre respectively.
Prices in other regions are as follows: in Mombasa, super petrol will be sold at Ksh132.46, diesel at Ksh113.36, and kerosene at Ksh108.57 per litre; in Kisumu, a litre of super petrol will retail at Ksh135.13, diesel at Ksh116.30, and kerosene at Ksh111.54.
