(3 Minutes read)
The Kenyan government has reduced fuel prices further in a monthly review by the country’s Energy and Petroleum Regulatory Authority (EPRA). A litre of petrol will, over the next one month, cost 5 shillings less USD 0.032.A litre of diesel has also been reduced by the same price, while kerosene has gone down by USD 0.031. This marks the second consecutive month Kenya is reviewing downwards its fuel prices.
The average landed cost of imported petrol decreased by 2.40% from USD 694.44 per cubic metre in November 2023 to USD 677.78 in December 2023; diesel decreased by 9.06% from USD 826.01 per cubic metre to USD 751.15, while kerosene decreased by 4.33% from USD 759.93 per cubic metre to USD 727.00.
Following the latest review, a litre of petrol in the port city of Mombasa, where fuel lands upon importation, will cost USD 1.29, diesel USD 1.22, and kerosene USD 1.21. Mandera, a county located near the Kenya-Somalia border and is 1,025 kilometres northeast of the capital Nairobi, has the highest fuel prices under the new review by EPRA, with a litre of petrol going for USD 1.40, diesel USD1.33 and kerosene USD 1.32.
Read Also:
https://trendsnafrica.com/kenyas-inflation-at-6-6-driven-by-increase-in-commodity-prices/
https://trendsnafrica.com/kenyas-exports-to-neighbouring-countries-move-up/
Kenya revises its fuel prices on the 14th of every month. Kenya’s downward review of fuel prices aligns with fuel costs in the region, with Rwanda and Tanzania also reducing their fuel charges recently.
