Sign in
Download Opera News App



Fuel Prices: Tough Time For Kenyans As Fuel Prices Remain Unchanged For The Following Period Of Time

The Energy and Petroleum Regulatory Authority (EPRA) has announced that fuel prices will not change between January 15 and February 14, 2023.

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

"In accordance with the Finance Act of 2018, the Tax Laws (Amendment) Act of 2020, and the revised rates for excise duty that have been adjusted for inflation in accordance with Legal Notice No. 194 of 2020," stated EPRA.

According to EPRA, the average landed cost of imported super petroleum decreased by 6.19 percent from US$704.21 per cubic meter in November 2022 to US$660.65 per cubic meter in December 2022, while the average landed cost of diesel decreased by 11.08 percent from US$920.44 per cubic meter to US$818.45 per cubic meter. From US$851.31 per cubic meter to US$816,62 per cubic meter, the price of kerosene decreased by 4.07%.

In other news,the price of diesel has been subsidized in conjunction with the price of super petroleum , while the price of kerosene has remained at Ksh25.13 per litre. The Petroleum Development Levy will be used by the government to compensate oil marketing companies for the cost difference.

In December 2022, the Free On Board (FOB) price of Murban crude oil increased to US$ 93.53 per barrel, up 1.17 percent from US$ 92.45 per barrel in November 2022. The mean monthly exchange rate between the US Dollar and Kenya Shilling decreased by 3.53 percent during the same time period, going from Ksh124.20 per US Dollar in November 2022 to Ksh128.58 per US Dollar in December 2022.

Share your views.


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

EPRA Finance Act Kenyans Kerosene Nairobi


Load app to read more comments