The Energy and Petroleum Regulatory Authority (EPRA) has announced a drop in the prices of fuel.
The authority in the latest review announced a drop in fuel prices by Sh1.
This now means a litre of super petrol will now retail at Sh177.30, diesel at Sh162 and kerosene at Sh145.94.
"The prices are inclusive of the 8 per cent VAT in line with the provisions of the Finance Act 2018, the Tax Laws Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No 194 of 2020," the statement reads.
Read More
EPRA says the changes take effect today, November 15.
The change in the price has been influenced by a drop in average landed cost,
The average landed cost of imported super petrol decreased by 5.60 per cent from Sh88,520.59 per cubic meter in September to Sh83,560.89 in October.
Kerosene decreased by 9.08 per cent from Sh107,576.20 in September to Sh97,812.71 in October, per cubic meter.
Diesel on the other hand decreased by 2.33 per cent from Sh107,727.23 in September to Sh105,212.06 in October.
