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 ๐๐๐ญ๐ก ๐๐๐ซ๐๐ก ๐๐๐๐ ๐ญ๐จ ๐๐๐ญ๐ก ๐๐ฉ๐ซ๐ข๐ฅ ๐๐๐๐
“In the period under review, the maximum allowed petroleum pump prices for ๐๐ฎ๐ฉ๐๐ซ ๐๐๐ญ๐ซ๐จ๐ฅ ๐ข๐ง๐๐ซ๐๐๐ฌ๐๐ฌ ๐๐ฒ ๐๐ฌ๐ก๐ฌ.๐.๐๐ per litre while ๐๐ข๐๐ฌ๐๐ฅ and ๐๐๐ซ๐จ๐ฌ๐๐ง๐ ๐ซ๐๐ฆ๐๐ข๐ง ๐ฎ๐ง๐๐ก๐๐ง๐ ๐๐.” 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
