Nairobi, Kenya | THE BLACK EXAMINER | The Energy and Petroleum Regulatory Authority (EPRA) has announced that the government will subsidize fuel prices for the next two months, covering the November and December review periods. EPRA Director General Kiptoo Bargoria explained that this decision is a response to the increased landed cost of petroleum products, aiming to cushion consumers from rising pump prices.
For the month of November, EPRA has maintained the price of a liter of super petrol, while the prices of kerosene and diesel have been reduced by Ksh 2. In Nairobi, consumers will now pay a maximum of Ksh 217.36 for a liter of super petrol, Ksh 203.47 for diesel, and Ksh 203.06 for kerosene.
EPRA Director General Kiptoo Bargoria noted that oil marketing companies will receive Ksh 12.01 for a liter of super petrol, Ksh 19.82 for diesel, and Ksh 3.64 for kerosene. He mentioned that the National Treasury has identified resources within the current budget to compensate these companies.
Without utilizing the Petroleum Development Levy (PDL), EPRA highlighted that consumers would have faced higher prices: Ksh 229.37 for a liter of super petrol, Ksh 223.29 for diesel, and Ksh 206.70 for kerosene.
The adjusted prices are effective from midnight.
