The Energy & Petroleum Regulatory Authority (EPRA) has announced the maximum retail pump prices of petroleum products for the period between 15th September to 14th October 2019.
The price of petroleum pump prices in Nairobi are as follows: Super Petrol and Diesel increase by KSh. 0.28 per litre and KSh. 2.44 per litre respectively while Kerosene has decreased by KSh. 3.31 per litre. 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.
The changes in this month’s prices have been as a consequence of the average landed cost of imported Super Petrol decreasing by 0.22% from US$ 498.46 per cubic metre in July 2019 to US$ 497.36 per cubic metre in August 2019. Diesel has increased by 4.38% from US$ 482.47 per cubic metre to US$ 503.61 per cubic metre with Kerosene decreasing by 5.61% from US$ 513.10 per cubic metre to US$ 484.29 per cubic metre. The changes in the landed costs are summarized in the table below:
|PRODUCT||JULY 2019||AUGUST 2019||CHANGE|
Over the same period, the mean monthly US Dollar to Kenya Shilling exchange rate depreciated by 0.13% from KShs. 103.31 per US$ in July 2019 to KShs. 103.44 per US$.
A summary of the resultant pump prices for major towns in Kenya are as follows:
|15th September 2019- 14th October 2019|
|TOWNS||MAXIMUM PUMP PRICES|
|62||Ka en uria||114.98||105.43||103.04|