Home Business Fuel prices go down in latest EPRA review

Fuel prices go down in latest EPRA review

0

Consumers will enjoy another month of lower pump prices after the Energy and Petroleum Regulatory Authority (EPRA) published its monthly fuel adjustment on Friday.

Beginning June 15, 2024 to July 14 2024, super petrol users will pay Ksh 3 less for a litre of the commodity while diesel users will see the largest drop in retail prices for a litre of diesel which goes down by Ksh 6.08.

Kerosene users on the other hand will pay Ksh 5.71 less for a litre of the commodity.

The reductions have been triggered by reduced landed cost charges of imported fuels between April and May this year.

The average price of imported super petrol declined by 1.95pc from $765.87 in April to $750.95 per cubic metre in May while that of diesel went down by 3.92pc to $690.99 from $719.21. Kerosene on the other hand went down from $728.97 per cubic metre in April to $694.14 in May, a 6.84pc reduction.

“Currently, the country imports all its petroleum product requirements in refined form and the products are traded in international markets based on a pricing benchmark provided by S&P Global Platts,” said Kiptoo Bargoria, EPRA Director General.

The price changes now mean consumers in Nairobi will pay a maximum of Ksh 189.84 for a litre of super petrol, Ksh 173.10 for a litre of diesel and Ksh 163.05 for a litre of kerosene.

Those in Mombasa will pay a maximum of Ksh 186.66, Ksh 169.93 and Ksh 160 for a litre of super petrol, diesel and kerosene respectively.

kra