Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
COURTESY

Headlines

EPRA lowers diesel, kerosene prices but hikes petrol by Sh5.77

NAIROBI, Kenya, Jun 14 – Starting mid-night, motorists who use super petrol will have to dig deeper into their pockets, after the Energy and Petroleum Regulatory Authority increased the price of the commodity by Sh5.77 per litre, to trade at Sh89.10.

The regulator however spared diesel and kerosene users, after it lowered the prices of the commodities by Sh3.80 and Sh17.31 per litre, respectively.

Diesel will therefore retail at Sh74.57 per litre, while kerosene will retail at Sh62.46 per litre.

EPRA said the change in the price of super petrol is a result of a 31.54 percent increase in the average landed cost of imported super petrol from US$188.70 per cubic metre in April to US$248.21 per cubic metre in May.

During the period, the average landed cost of imported diesel and kerosene however dropped by 5.58 percent and 51.84 percent, leading to a decrease in the prices of the commodities.

Pump Prices per city

In Mombasa, Super petrol will retail at Sh86.62, diesel by Sh72.09 and kerosene by Sh59.99 per litre.

Motorists in Nakuru will pay Sh88.96 for super petrol, Sh74.62 for diesel and Sh62.54 for kerosene per litre. In Eldoret, motorists will pay Sh89.94 for petrol, Sh75.59 for diesel and Sh63.51 for kerosene, while in Kisumu, super petrol will retail at Sh89.94, diesel at Sh75.58 and kerosene at Sh63.51 per litre.

EPRA Director General Pavel Oimeke said in a statement that the new prices had considered the changes effected by the Tax Laws (Amendment) Act of 2020 that made taxes and duties part of the vatable amount in the calculation of VAT for petroleum fuels.

Advertisement. Scroll to continue reading.

“The objective of the fuel pricing regulations is to cap the wholesale and retail prices of petroleum products, which are already in the country, s that the importation and other prudently incurred costs are recovered, while ensuring reasonable prices to consumers,” Oimeke said.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...