Petrol, diesel and kerosene prices in Kenya have dropped by one shilling in the latest Energy and Petroleum Regulatory Authority (EPRA) review on Monday.
Annual fuel inflation increased by 12.60% in October, compared to 11.70% in September.
For EPRA, this is the second consecutive one shilling cut in fuel prices attributed to lower landed costs of the fuel products in October.
The landed cost of imported super petrol decreased by 5.6%, diesel by 2.33% and kerosene by 9.08%.
“The price of diesel has been cross-subsidized with that of Super Petrol while a subsidy of Ksh.17.68 per litre has been maintained for Kerosene to cushion consumers from otherwise high prices,” EPRA stated.
A litre of super petrol will retail at KSh177.30, diesel at KSh162 and kerosene at KSh145.94 effective November 15 to December 14, 2022.
“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,” EPRA said.
Shilling Depreciated by 0.2% to Close at Kshs 121.8 Against US Dollar