ChrispinusOmar NAIROBI (Xinhua) --
Kenya’s energy industry regulator on
Wednesday reduced retail pump prices for super petrol
and diesel while it increased kerosene prices in the
latest review for August to mid-September.
Robert Pavel Oimeke, director-general of Energy and
Petroleum Regulatory Authority (EPRA), said the prices
of super petrol which is mostly consumed by private
vehicles dropped by 2.86 Kenyan shillings (about 3 U.S.
cents) to 112.53 shillings per liter. Diesel used to
power commercial vehicles decreased by 3.28 shillings to
100.60 shillings per liter while kerosene mainly used by
households for lighting and cooking increased by 1.98
shillings to 103.95 shillings per liter.
"The pump prices are inclusive of 8 percent value
added tax (VAT) in line with the provisions of Finance
Act 2018 and the revised rates for excise duty adjusted
for inflation," Oimeke said in a statement issued in
He said the changes resulted from a 5.64 percent drop
in average landed cost of imported super petrol, which
decreased from 528.26 dollars per cubic meter in June to
498.46 dollars per cubic meter in July.
Oimeke said the average landed cost of diesel
decreased by 7.11 percent from 519.39 dollars per cubic
meter to 482.47 dollars per cubic meter and kerosene
increased by 1.88 percent from 503.63 dollars per cubic
meter to 513.10 dollars per cubic meter.
Fuel prices have a significant impact on inflation in
Kenya which depends heavily on diesel for transport,
power generation and agriculture, while kerosene is used
in many households for lighting and cooking.