In accordance with Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022, the Energy & Petroleum Regulatory Authority (EPRA) has calculated the maximum retail prices of petroleum products which will be in force from 15h November 2023 to 14th December 2023.
In the period under review, the maximum allowed petroleum pump price for Super Petrol remains unchanged while that of Diesel and Kerosene decrease by KShs.2.00 per litre.
The prices are inclusive of the 16% Value Added Tax (VAT) in line with the provisions of the Finance Act 2023, 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 2.81% from US$805.14 per cubic metre in September 2023 to US$827.75 per cubic metre in October 2023; Diesel increased by 3.28% from US$845.72 per cubic metre to US$873.42 per cubic metre while Kerosene decreased by 6.31% from US$868.70 per cubic metre to US$813.90 per cubic metre.
The changes in the landed costs are summarized in the table 1.
