For the entire month ending on May 14, fuel prices won't change, providing Kenyans with a small respite from their exorbitant cost of living.
Fuel prices in Nairobi will remain at Kes179.30 for gasoline, Kes162 for diesel, and Kes145.94 for kerosene.
To protect consumers from the otherwise high prices, the price of diesel has been cross-subsidized with that of super fuel, while a subsidy of Kes17.12/litre has been maintained for kerosene.
Cross-subsidization is the practice of charging a set of consumers higher prices to subsidize another group.
In this instance, diesel users will pay less because gasoline users would pay more.
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“The Government will utilise the Petroleum Development Levy to compensate oil marketing companies for the difference in cost,” said EPRA.
A litre of gasoline will cost Sh176.98 in Mombasa, Kes159.76 in Kisumu, and Kes143.69 in Mombasa. In Mombasa, a litre of gasoline will cost Kes179.50, Kes162.70 in Kisumu, and Kes146.66 in Mombasa.
According to the Finance Act of 2018 and the Tax Laws (Amendment) Act of 2020, the prices include VAT at 8% as well as the updated excise duty rates that have been adjusted for inflation in accordance with Legal Notice No. 194 of 2020.
Super Petrol's average landing cost climbed from USD 659.47 per cubic meter in February 2023 to USD 666.51 per cubic meter in March 2023. Diesel's average landed cost dropped from USD 759.88 per cubic meter to USD 705.82 per cubic meter.
Kerosene decreased by 7.30 per cent from USD763.28 per cubic metre to USD707.53 per cubic metre.
