Reprieve for Kenyans as EPRA announces a drop in fuel prices

Business & Tech
Reprieve for Kenyans as EPRA announces a drop in fuel prices

The Energy and Petroleum Regulatory Authority (EPRA) has reduced fuel prices by up to Ksh18 in the latest monthly review.

In a statement on Sunday April 14, 2024, EPRA indicated that the price of Super petrol has decreased by Sh5.31 per liter, diesel by Sh10 per litre while Kerosene has gone down by Sh18.68 per litre.

In Nairobi, super petrol will retail at Sh193.84, Diesel at Sh180.38 and Kerosene at Sh170.06.

Mombasa residents will buy super petrol at Sh190.66, Diesel at Sh177.21 and Kerosene at Sh166.99 per liter.

In Nakuru, the price of fuel will retail at Sh192.90 for super petrol, Diesel at Sh179.82 and Kerosene at Sh169.56.

The new prices will take effect at midnight, April 14, 2024 up to midnight, May 14, 2024.

EPRA explained that the new prices are inclusive of the 16 per cent Value Added Tax (VAT) in line with the provisions of the Finance Act 2023.

“The prices are inclusive of the 16% Value Added Tax (VAT) in line with the provisions of the Finance Act 2023, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020,” read part of the statement.

A reduction in fuel prices was announced shortly after President William Ruto disclosed that Kenyans are going to witness a decrease in fuel prices by Ksh10.

He made the remarks during a Sunday service at ACK St Peter’s Cathedral in Nyeri, where he emphasized that a reduction in fuel prices will help in improving the country’s economy.

“Today the price of Unga which was Sh200 is almost hitting Sh100, the shilling has strengthened against the dollar,” he said.

“Fuel prices were up but today it is going down with Sh10. All this is because we are making the right decisions and not popular decisions,” President Ruto said.

Earlier, the government Spokesperson Isaac Mwaura had also noted that the fuel prices would be reduced for the benefit of all Kenyans.

Related Posts

See all >>

Latest Posts

See all >>