In Summary
- The price of Super Petrol has been reduced by Sh0.85 to Sh194.68 per liter, while Diesel prices remain unchanged at Sh179.67 per liter.
- The reduction in petrol prices is not likely to result in a change in transport fares, as it only accounts for 0.04% of the total fare increase
The Energy and Petroleum Regulatory Authority (EPRA) has new changes in Fuel with only Kerosene registering a significant drop.
The price of Super Petrol has been reduced by Sh0.85 to Sh194.68 per liter, while Diesel prices remain unchanged at Sh179.67 per liter. Kerosene prices have been reduced by Sh3.96 to Sh169.48 per liter.
Taking into account the weighted average cost of imported refined petroleum products, the changes in the maximum allowed petroleum prices in Nairobi are as follows: Super Petrol & Kerosene decrease by Kshs.0.85 & Kshs.3.96 per litre respectively while Diesel remains unchanged.
EPRA on July 14, 2023.
The reduction in petrol prices is not likely to result in a change in transport fares, as it only accounts for 0.04% of the total fare increase that was implemented on July 1, 2023.
Earlier in July, Busia Senator Okiya Omtatah took Energy and Petroleum Regulatory Authority (EPRA) Managing Director Daniel Kiptoo to court over high fuel prices.
Omtatah accused Kiptoo of disobeying a court order suspending the implementation of the Finance Act, 2023, and adjusting fuel prices in contempt of court.
Motorists Reactions
Meanwhile motorists have termed EPRAs’ new prices as a mockery to the sector.
The says the 0.8 reduction is a drop in the ocean and therefore will not surmount the economical heat in the matatu industry.
READ ALSO: Matatu Owners Announce 30% fare Hike from Tomorrow after Fuel Price Increase
“Even with the court order they can’t reverse the 16% VAT on fuel was suspended and this is what EPRA is using to formulate prices. It is an impunity of the highest order I wonder whether we have people in that authority who follows the law. We want to make it clear that these changes do not add any value to us the government must be more serious than this.” Matatu Operator said.
