The Energy and Petroleum Regulatory Authority (EPRA) has increased fuel prices in their latest review pushing the price of super petrol from the current Kshs. 177.30 to Kshs. 179.30.
In a statement signed by EPRA Director General Daniel Kiptoo, EPRA invoked Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022 and said it calculated the maximum retail prices of petroleum products which will be in force from 𝟏𝟓𝐭𝐡 𝐌𝐚𝐫𝐜𝐡 𝟐𝟎𝟐𝟑 𝐭𝐨 𝟏𝟒𝐭𝐡 𝐀𝐩𝐫𝐢𝐥 𝟐𝟎𝟐𝟑
“In the period under review, the maximum allowed petroleum pump prices for 𝐒𝐮𝐩𝐞𝐫 𝐏𝐞𝐭𝐫𝐨𝐥 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐬 𝐛𝐲 𝐊𝐬𝐡𝐬.𝟐.𝟎𝟎 per litre while 𝐃𝐢𝐞𝐬𝐞𝐥 and 𝐊𝐞𝐫𝐨𝐬𝐞𝐧𝐞 𝐫𝐞𝐦𝐚𝐢𝐧 𝐮𝐧𝐜𝐡𝐚𝐧𝐠𝐞𝐝.” Said the statement.
The Regulator said the price of diesel has been cross subsidized with that of Super Petrol while a subsidy of Kshs.23.49 per litre has been maintained for Kerosene in order to cushion consumers from otherwise high prices.
“The prices are inclusive of the 8% Value Added Tax (VAT) in line with the provisions of the Finance Act 2018, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020.” Said Mr. Kiptoo