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Relief To Kenyans As Fuel Prices To Remain Unchanged In January Review By EPRA

New fuel prices in Kenya as <a class=EPRA announces rise - The Standard"/>

•According to the Energy and Petroleum Regulatory Authority (EPRA), fuel prices won't change from January 1th to February 14, 2023.

•As a consequence, Nairobi will continue to sell a litre of super petrol for Ksh177.30 while a litre of diesel will cost Ksh162. Kerosene will still be sold for Ksh145.94 per litre.

•According to the Finance Act of 2018, the Tax Laws (Amendment) Act of 2020 and the updated rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020, EPRA indicated that the prices include the 8% Value Added Tax (VAT).

•According to EPRA, diesel prices declined by 11.08% from US$920.44 per cubic metre to US$818.45 per cubic metre while the average landing cost of imported super petrol decreased by 6.19% from US$704.21 per cubic metre in November 2022 to US$660.65 per cubic metre in December 2022.

•From US$851.31 per cubic metre to US$816,62 per cubic metre, the price of kerosene declined by 4.07%.

•While Kerosene continues to get a Ksh25.13 per litre subsidy, diesel has been cross-subsidized with super fuel.

•To make up for the cost difference, the government will use the Petroleum Development Levy to pay oil marketing corporations.

Content created and supplied by: MsLK (via Opera News )

EPRA Energy and Petroleum Regulatory Authority Kerosene US$851.31 US$920.44


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