NAIROBI, Kenya, Nov 14- Pump prices for Super Petrol, Diesel, and Kerosene will remain unchanged for the next one month, the Energy and Petroleum Regulatory Authority (EPRA) has announced.
In its latest review, the authority stated that despite an increase in the landing costs, the applicable fuel prices were maintained with Super Petrol retailing at Sh. 129.72, Diesel at Sh.110.60, and Kerosene at Sh. 103.54 in Nairobi.
EPRA Director-General Daniel Kiptoo stated that the government will utilize the Petroleum Development Levy to cushion consumers from high prices.
The government was under sharp criticism in mid-September when the commodity’s retail price went up by an average of Sh. 9 which was later reduced by Sh. 5 last month.
In Mombasa, Super Petrol will continue retailing at sh. 127.46, Diesel sh. 108.36 and Kerosene at sh101.29.
In Nakuru Super petrol will retail at sh129.24, Diesel sh110.43 and Kerosene at sh103.39.
Last month, The National Assembly Committee on Finance recommended a reduction on taxes and levies through tax law amendments to cushion Kenyans from the spike in fuel prices in the recent months.
The committee tabled a report before the House seeking to reduce the Petroleum Development Levy charged on Super Petrol and Diesel from sh5.40 to sh2.90.
Fuel consumers have been contributing to the levy kitty provided for fuel price stabilization in the country, with the highest contribution per litre of fuel being sh5.40 under the Petroleum Development Levy Fund Order (2020) leading to an increase in the cost of petroleum products.
The exchequer had said that fuel taxes and levies account for about 14 percent of the annual national government revenues and a reduction will mean that either the national government reduces its expenditures or incur more debt to bridge the financing gap.
