In a welcome update for Kenyan motorists and users of energy fuels, the Energy and Petroleum Regulatory Authority (EPRA) announced a decrease in the prices of Super Petrol, Diesel, and Kerosene in its latest monthly review. Effective immediately, the new prices offer some relief amidst fluctuating global fuel costs.
“Super Petrol will now retail at KSh 212.36 per litre, a decrease of KSh 5.00 from the previous price,” declared EPRA in their official statement. This marks a notable drop, providing some much-needed financial ease for car owners and transportation sectors dependent on petrol.
Diesel, widely used in heavy transport and agricultural machinery, also saw a price reduction. “The price of Diesel has been revised downwards by KSh 2.00, bringing it down to KSh 201.47 per litre,” EPRA announced. This reduction can potentially translate to lower costs for goods transportation and farm operations.
Kerosene, often used for cooking and lighting in rural areas, witnessed the biggest price cut. “EPRA has reduced the price of Kerosene by KSh 4.00 per litre, making it now available at KSh 199.05,” the statement continued. This reduction could positively impact household budgets, particularly in regions where Kerosene remains a primary source of energy.
While the reasons for the price adjustments were not explicitly stated in EPRA’s announcement, it is likely linked to international crude oil prices, which have seen some recent decline. Nevertheless, the news of lower fuel costs is expected to be met with relief by Kenyans across the country who have been grappling with high prices in recent months.
It is important to note that these prices are maximum retail prices set by EPRA. Fuel stations may choose to sell at slightly lower prices to attract customers. However, the overall trend of decreasing fuel costs is a positive development for the Kenyan economy and could potentially lead to lower prices for goods and services in the long run.