The Energy and Petroleum Regulatory Authority (EPRA) has updated the maximum retail prices for petroleum products, effective from December 15, 2023, to January 14, 2024. During this period, the maximum pump price for Super Petrol has decreased by KSh 5.00 per litre, Diesel by KSh 2.00 per litre, and Kerosene by KSh 4.01 per litre.
As a result, consumers in Nairobi can now expect to pay KSh 212.36, KSh 201.47, and KSh 199.05 for a litre of Super Petrol, Diesel, and Kerosene, respectively. This adjustment is anticipated to bring relief to consumers by reducing the cost of essential fuel commodities in the country.
These changes align with EPRA’s ongoing efforts to monitor and respond to fluctuations in global oil prices, which have been decreasing, along with other economic factors influencing oil prices.
EPRA specifically noted a significant decline in the average landing cost of imported petroleum products. The cost of Super Petrol decreased by 16.11%, from $827.75 (KSh 126k) per cubic metre in October 2023 to $694.44 (KSh 106k) per cubic metre in November 2023. Diesel and kerosene also experienced reductions, with diesel dropping by 5.43% and kerosene by 6.63%.
