Kenya’s Energy and Petroleum Regulatory Authority (EPRA) has increased the price of super petrol by 3.56 shillings per liter while maintaining the price of Diesel and Kerosene.
According to EPRA, the average landed cost of Super Petrol decreased by 0.57 per cent from 491.50 dollars per cubic meter in March 2021 to 488.69 dollars per cubic meter in April 2021.
The landed cost of Diesel dropped by 1.03 per cent from 444.17 dollars per cubic meter to 439.60 dollars per cubic meter. That of Kerosene dropped by 2.01 per cent from 421.90 dollars per cubic meter to 430.40 dollars per cubic meter.
Motorists in Mombasa will part with 123.95 shillings per liter of super petrol, 105.27 shillings for Diesel, and 95.46 shillings for kerosene. Those in Nairobi will pay 126.37 shillings for Super Petrol, 107.66 shillings for Diesel, and 97.85 shillings for kerosene.
Nakuru residents will part with 125.98 shillings per liter of super petrol, 107.55 shillings for diesel, and 97.76 shillings for diesel. Those in Eldoret will pay 126.90 shillings for super petrol, 108.46 shillings for diesel, and 98.68 shillings for kerosene.
Kisumu residents will pay 126.90 shillings for super petrol, 108.46 shillings for diesel, and 98.68 shillings for kerosene.
The prices are inclusive of the 8 per cent Value Added Tax in line with the provisions of the Finance Act 2018.
In addition to the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No.194 of 2020.
On the other hand, the country’s inflation remains well anchored and should ease towards the mid-point of the inflation target band according to NCBA Market Research.
In April, headline inflation eased to 5.76 per cent from 5.90 per cent in March. Demand side pressure, picked up marginally pushing up core inflation to 2.40 per cent from 2.20 per cent.
