Kenya: Petrol Price Remains Unchanged at Sh217.36 on Petroleum Levy Subsidy

14 November 2023
Capital FM (Nairobi)

Nairobi — A litre of super petrol will remain the same at Sh217.36 in Nairobi for the next one month until December 14, according to the latest monthly fuel review from the Energy and Petroleum Regulatory Authority (EPRA).

On October 14, last month, EPRA increased the price of petrol by Sh5.72, which lapses today at midnight.

However, a litre of petrol could have risen to Sh229.37 if the government had compensated for the extra margin of Sh12.01 using the Petroleum Development Levy (PDL).

"In order to cushion consumers from the spike in pump prices as a consequence of the increased landed costs, the Government has opted to stabilize pump prices for the November December 2023 pricing cycle," EPRA announced on its X platform.

"The National Treasury has identified resources within the current resource envelope to compensate Oil marketing Companies."

Likewise, a litre of diesel and kerosene have also dropped to Sh203.47 and Sh203.06.

Currently, a litre of diesel retails at Sh205.47 and Sh204.46 for kerosene.

Were it not for the PDL, one litre of diesel would have increased to Sh223.29 and Sh206.70 for kerosene.

This is a reprieve for motorists and Kenyans who have been complaining of high fuel prices that have pushed the cost of doing business.

Read the original article on Capital FM.

Tagged:
Copyright © 2023 Capital FM. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.