In accordance with Sector 101(y) of the Petroluem Act 2019 and Legal Notice No.192 of 2022, the Energy and Petroleum Regulatory Authority (EPRA) has calculated the maximum retail prices of prteoluem products which will be in force from 15th December 2023 to 14th January 2024.
In the period under review, the maximum allowed petroleum pump price for Super Petrol, Diesel and Kerosene decrease by KShs.5.00 per litre, KShs.2.00 per litre and KShs.4.01 per litre respectively.
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.
The average landed cost of imported Super Petrol decreased by 16.11% from US$827.75 per cubic metre in October 2023 to US$694.44 per cubic metre in November 2023; Diesel decreased by 5.43% from US$873.42 per cubic metre to US$826.01 per cubic metre while Kerosene decreased by 6.63% from US$813.90 per cubic metre to US$759.93 per cubic metre.
