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Fuel Prices to Remain the same in Latest EPRA Review Despite Decrease in Landed Cost

The Energy and Petroleum Regulatory Authority (EPRA) has retained fuel prices for another month with super petrol retailing at Sh129.72 and diesel at Sh110.60 per litre. Kerosene, mostly used in low-income households will retail at Sh103.54 per litre.

The fuel prices remained unchanged despite the decrease in the average landed cost of imported super petrol in December which declined by 4.11 per cent from USD 627.90 per cubic metre in November 2021 according to the report by EPRA. The average landed cost of diesel and kerosene decreased by 5.71 and 4.89 percent over the same period.

In Mombasa, Super Petrol will continue retailing at Ksh. 127.46, Diesel Ksh. 108.36 and Kerosene at Ksh 101.29. While in Nakuru Super petrol will retail at Ksh 129.24, Diesel Ksh 110.43 and Kerosene at Ksh 103.39.

The National Assembly Committee on Finance in October 2021 recommended a reduction on taxes and levies through tax law amendments to cushion Kenyans from the spike in fuel prices in the recent months.

However, a number of chief executives revealed that the government has not paid a single cent for the December-January review in addition to other pending payments for November last year.

Sources at the Oil Marketers Association of Kenya (Omak), the industry lobby, have revealed that they now want the government to pay interest on the delayed funds, in what will come with another cost to taxpayers.

The government however did not comment on the situation causing disgruntlement among oil marketers.

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