The Energy and Petroleum Regulatory Authority (EPRA) announced further drops in fuel prices in the latest cycle (April-May) driven by the strengthening Shilling against the Dollar.
Read: Fuel Prices Drop To Less Than Ksh 200
A litre of petrol will now retail at Sh193.84 from last cycle’s Sh199.15. A litre of diesel is now priced at Sh180.38 down from Sh190.38. Kerosene on its part dropped to Sh170.06 from Sh188.74. This represents a drop of Sh5.31, Sh10 and Sh18.68 respectively.
According to EPRA, the strengthening of the Kenyan Shilling against the US Dollar contributed to the drop in prices, even as the price of crude oil in the international market rose from an average of $77 to $79.
This should come as a relief to Kenyans who are currently battling tough economic times.
In accordance with Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022, we have calculated the maximum retail prices of petroleum products which will be in force from 15th April 2024 to 14th May 2024.
In the period under review, the maximum allowed petroleum… pic.twitter.com/M5LfNZosVe
— Energy and Petroleum Regulatory Authority (@EPRA_Ke) April 14, 2024
