This archive report was first published on 15 August 2019.
On August 15, 2019, the Energy and Petroleum Regulatory Authority (EPRA) announced a reduction in fuel prices, marking the first drop in five months.
The new prices offer a reprieve to motorists, with a litre of super petrol now costing Sh112.53 in Nairobi, the lowest since mid-May. Diesel prices have also dropped to Sh100.60, a five-month low.
However, kerosene prices have increased by Sh1.98, halting the fall that had been recorded in the previous two reviews.
According to EPRA director-general Pavel Oimeke, the changes in this month's prices are a result of the average landed cost of imported super petrol decreasing by 5.64 percent and diesel decreasing by 7.11 percent.
Despite the rising price of crude oil and a weakening shilling, which have a direct relationship with the price of fuel, the monthly EPRA review has resulted in a drop in petrol and diesel prices.
The pump prices are inclusive of the eight percent value added tax introduced in last year's Finance Act and the 5.17 percent annual inflation tax adjustment on excise duty that set in on July 9.
Motorists in Nairobi will now pay Sh112.53 for a litre of super petrol and Sh100.60 for diesel. A litre of kerosene will retail at Sh103.95.
