Fuel Prices in Kenya Drop Significantly in Latest EPRA Review

Kenyan motorists are set to enjoy reduced fuel prices following the latest review by the Energy Petroleum and Regulatory Authority (EPRA).

A litre of Petrol has been lowered by Ksh.3 and will retail at Ksh.189.84.

Diesel and Kerosene on the other hand have been lowered by Ksh.6 and Ksh.5.71, respectively.

The two will for the next one month to July 14, 2024 retail at Ksh.173.1 and Kerosene at Ksh.163.05.

“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,” reads the statement.

Also Read: How Fuel is Retailing in Major Towns in Kenya in May

The reduced commodity rates come at a time when the Kenyan currency has strengthened against the dollar.

Data from the Central bank of Kenya (CBK) indicate that the shilling is currently retailing at 128.5.

This is from the record level of 162 at the beginning of the year 2024

The reduced cost is also informed by the fact that government tapped into the fuel stabilization fund again this month specifically for Petrol.


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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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