BUSINESS

EPRA Retains Fuel Prices for Another Month

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Person operating a fuel pump. PHOTO/Pexels
Person operating a fuel pump. PHOTO/Pexels
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There will be no changes at the fuel pump this month after the Energy and Petroleum Regulatory Authority (EPRA) retained the current prices of Super Petrol, Diesel and Kerosene for the next 30 days.

The regulator announced on Tuesday, July 14, that the prices will remain in force from July 15 to August 14, 2026, sparing motorists, businesses and households from another increase in fuel costs at a time when international oil markets remain unstable.

In Nairobi, a litre of Super Petrol will continue selling at Ksh 214.03, Diesel at Ksh 222.86, while Kerosene will remain at Ksh 191.38. The prices are inclusive of Value Added Tax (VAT) and all other applicable taxes and levies.

According to EPRA, the latest review was carried out in line with the Petroleum Act, 2019, and the relevant pricing regulations. The authority said the maximum retail prices for the three petroleum products will remain unchanged throughout the review period.

The decision comes even as global oil prices continue to experience sharp fluctuations driven by ongoing geopolitical tensions in the Middle East. The region accounts for a significant share of the world’s crude oil supply, meaning any conflict or disruption can quickly affect international fuel prices and countries that rely on imported petroleum products, including Kenya.

To shield consumers from those global shocks, the government has once again stepped in with measures aimed at keeping pump prices stable. EPRA said the State has extended the eight per cent VAT on petroleum products for another three months and withdrawn Sh945 million from the Petroleum Development Levy Fund to cushion consumers.

The regulator said the intervention had helped maintain stable fuel prices despite continued uncertainty in the international market.

EPRA also released the latest import costs that informed this month’s review. The average landed cost of Super Petrol in June stood at US$886.92 per cubic metre, while Diesel averaged US$984.37 per cubic metre. Kerosene recorded the highest import cost at US$1,028.17 per cubic metre.

The landed cost refers to the amount paid to bring refined fuel into the country before it is transported, stored and distributed to filling stations. Besides import costs, EPRA also considers exchange rates, taxes, levies and other supply chain expenses before determining the monthly pump prices.

Last month’s EPRA review

The latest announcement follows last month’s review, when EPRA reduced the price of Diesel by Ksh 10 per litre, lowered Super Petrol by Sh0.22, and left Kerosene prices unchanged. Those reductions offered some relief to transport operators and businesses that had been grappling with rising operating costs.

The decision to maintain current prices is expected to provide stability across several sectors of the economy. Fuel prices have a direct impact on the cost of transporting goods, farming, manufacturing and public transport. Stable pump prices also help slow the rise in the prices of food and other basic commodities, which are often affected by transport costs.

Diesel remains the country’s most important commercial fuel, powering buses, matatus, trucks, construction equipment, agricultural machinery and industrial operations. Any movement in its price is usually felt across the economy because it influences the cost of production and distribution.

EPRA reviews fuel prices every month using a pricing formula that takes into account international petroleum prices, the cost of importing refined fuel, the exchange rate between the Kenya shilling and the US dollar, and the taxes and levies charged on petroleum products.

While uncertainty in the global oil market persists, the regulator’s latest decision means Kenyans will continue paying the current fuel prices for at least another month, offering motorists and businesses some much-needed certainty.

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