Fuel prices in Kenya have continued with the downward trend and, for the first time in 6 months, have gone below the Ksh 200 mark in the March/April cycle. This downward trend is attributed to the continued strengthening of the Shilling against the Dollar and the relative low oil prices in the international market. This drop, announced by the Energy and Petroleum Regulatory Authority (EPRA), is the biggest we have seen in 2 years.
Read: Tracking The Rise Of Kenya’s Fuel Prices In 2023
EPRA reduced the price of a litre of petrol by Ksh 7.21, the price of a litre of diesel by Ksh 5.09 and the price of a litre of kerosene by Ksh 4.49. This means that a litre of petrol, diesel and kerosene will now retail at Kshs.199.15, Kshs.190.38 and Kshs.188.74 respectively. In the previous cycle, the prices were pegged at Ksh 206.36, Ksh 195.47 and Ksh 193.23 for petrol, diesel and kerosene respectively.
The hope is the pump prices will drop even further in the next cycle as the KES continues to gain against the USD.
In the period under review, the maximum allowed petroleum pump price for 𝐒𝐮𝐩𝐞𝐫 𝐏𝐞𝐭𝐫𝐨𝐥, 𝐃𝐢𝐞𝐬𝐞𝐥and 𝐊𝐞𝐫𝐨𝐬𝐞𝐧𝐞 𝐝𝐞𝐜𝐫𝐞𝐚𝐬𝐞 by 𝐊𝐒𝐡𝐬.𝟕.𝟐𝟏, 𝐊𝐬𝐡𝐬.𝟓.𝟎𝟗 and 𝐊𝐒𝐡𝐬.𝟒.𝟒𝟗 per litre respectively.
In Nairobi, Super Petrol, Diesel and Kerosene… pic.twitter.com/gXEBdaJUPd
— Energy and Petroleum Regulatory Authority (@EPRA_Ke) March 14, 2024
