NAIROBI, Kenya, April 14 – Fuel prices will remain unchanged for the month-long period lapsing May 14 affording Kenyans a slight relief amid the high cost of living.
In Nairobi, petrol will continue to retail at Sh179.30, diesel at Sh162 and kerosene at Sh145.94.
The price of diesel has been cross-subsidized with that of super petrol while a subsidy of Sh17.12/litre has been maintained for kerosene in order to cushion consumers from the otherwise high prices.
Cross-subsidization is when a marketer charges higher prices to a group of consumers in order to subsidise for another group.
In this case, it means petrol users will pay a higher price so as to afford diesel users a lower price.
“The Government will utilise the Petroleum Development Levy to compensate oil marketing companies for the difference in cost,” said EPRA.
In Mombasa, a litre of petrol will retail at Sh176.98, diesel at Sh159.76 and kerosene at Sh143.69 while in Kisumu a litre of petrol will retail at Sh179.50, diesel at Sh162.70 and kerosene at Sh146.66.
The prices are inclusive of the 8 per cent Value Added Tax (VAT) in line with the provisions of the Finance Act 2018, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020.
The average landed cost of imported Super Petrol increased by 1.07 per cent from USD659.47 per cubic metre in February 2023 to USD666.51 per cubic metre in March 2023; Diesel decreased by 7.11 per cent from USD 759.88 per cubic metre to USD705.82 per cubic metre.
Kerosene decreased by 7.30 per cent from USD763.28 per cubic metre to USD707.53 per cubic metre.
