Fuel Prices Remain Unchanged in Latest EPRA Review

Overview

The Energy and Petroleum Regulatory Authority (EPRA) has announced that the fuel prices will remain unchanged for the period of August 15, 2024, to September 14, 2024. This means that super petrol will retail at Sh188.84, diesel at Sh171.60, and kerosene at Sh161.75 per liter in Nairobi.

Impact on Consumers

The unchanged fuel prices will provide some relief to consumers who have been struggling with the rising cost of living. The stability in fuel prices will help to reduce transportation and household expenses, thereby cushioning the impact of inflation.

Factors Influencing the Decision

EPRA’s decision to maintain the current fuel prices is attributed to several factors. The global oil prices have remained relatively stable in recent months, with a slight decrease in the landed cost of imported fuel. Additionally, the government’s intervention through subsidies and tax adjustments has helped to mitigate the impact of rising oil prices on domestic fuel prices.

Regional Variations

While the fuel prices in Nairobi remain unchanged, there are slight variations in prices across different regions of the country. For instance, in Mombasa, super petrol will retail at Sh185.66, diesel at Sh168.43, and kerosene at Sh158.7. In Nakuru, super petrol will cost Sh187.9, diesel at Sh171.04, and kerosene at Sh161.27.

Conclusion

The stability in fuel prices is a positive sign for the Kenyan economy. It will help to reduce inflationary pressures and support economic growth. However, it is important to note that fuel prices are subject to change based on global oil prices and government policies. Consumers should remain vigilant and adjust their spending habits accordingly to cope with any future price fluctuations.