The government of Kenya has announced the reduction of fuel prices set to take effect from 15th October 2019.
Having taken into account the weighted average cost of imported refined petroleum products, EPRA reduced the maximum allowed petroleum pump prices across the country, compared to the previous period.
The changes in the maximum allowed petroleum pump prices in Nairobi are as follows:
Super Petrol and Diesel decrease by KSh 4.76 per litre and KSh 1.08 per litre respectively.
The price of kerosene how was increased by Ksh 0.44 per litre, compared to before.
The pump prices are inclusive of 8% Value Added Tax (VAT) in line with the provisions of the Finance Act 2018 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 109 of 9th July 2019.
EPRA attributed the changes in prices to the cost of imported Super Petrol decreasing by 7.66% in one month.