Fuel prices will remain unchanged for the next month, the Energy and Petroleum Regulatory Authority (EPRA) has announced.
The new prices will apply between October 15 and November 14.
In its latest review released on Tuesday, EPRA said the cost of Super Petrol, Diesel, and Kerosene will remain at Sh184.52, Sh171.47, and Sh154.78 per litre, respectively, in Nairobi.
The decision means motorists and households will be spared from any price adjustments during the period as global oil prices and local factors remain stable.
EPRA confirmed that these rates include the 16 per cent Value Added Tax (VAT) as provided in the Finance Act 2023, the Tax Laws (Amendment) Act 2024, and the revised excise duty rates under Legal Notice No. 194 of 2020.
Fuel prices in other towns vary slightly. In Mombasa, Super Petrol is priced at Sh181.21, Diesel at Sh168.19, and Kerosene at Sh151.49.
Nakuru will see Super Petrol at Sh183.56, Diesel at Sh170.87, and Kerosene at Sh154.21. In Eldoret, prices are Super Petrol Sh184.38, Diesel Sh171.68, and Kerosene Sh155.03, while Kisumu has Super Petrol at Sh184.37, Diesel at Sh171.68, and Kerosene at Sh155.03.
The authority noted that in August, Super Petrol and Kerosene dropped by Sh1 per litre, while Diesel prices remained the same. At that time, the retail prices in Nairobi were Sh185.31 for Super Petrol, Sh171.58 for Diesel, and Sh155.58 for Kerosene.
EPRA explained that the purpose of the Petroleum Pricing Regulations is to cap retail prices for products already in the country and ensure that importation and operational costs are recovered while providing fair prices to consumers.
“We wish to assure the public of its continued commitment to the observance of fair competition and protection of the interests of both consumers and investors in the energy and petroleum sectors,” the regulator stated.
The authority also highlighted the impact of market factors on previous price changes. On July 14, fuel prices rose by Sh8.99 for petrol, Sh8.67 for diesel, and Sh9.65 for kerosene.
These increases were influenced by rising freight costs, which followed disruptions in the Strait of Hormuz, a key global shipping route connecting the Persian Gulf with the Gulf of Oman and Arabian Sea that handles about 20 per cent of the world’s oil and liquefied natural gas daily.
EPRA reaffirmed its commitment to continuous monitoring and timely adjustment of fuel prices to protect consumer interests and ensure fair returns for energy sector investors, while maintaining market stability.