EPRA Maintains Fuel Prices for March to April 2025

EPRA announced that the prices for Super Petrol, Diesel, and Kerosene will remain unchanged from 15 March to 14 April 2025, at Ksh176.58, Ksh167.06, and Ksh151.39 respectively. The announcement is timely, given the recent drop in international oil prices.

The Energy and Petroleum Regulatory Authority (EPRA) announced on Thursday that the prices of Super Petrol, Diesel, and Kerosene will remain unchanged during the March fuel review. These products will continue to be retailed at Ksh176.58 for Super Petrol, Ksh167.06 for Diesel, and Ksh151.39 for Kerosene, effective from 15 March to 14 April 2025.

The prices indicated by EPRA include a 16 percent Value Added Tax (VAT) as mandated by the Finance Act 2023 and the Tax Laws (Amendment) Act 2024. Additionally, EPRA reported that the average landed cost of imported Super Petrol increased by 1.34 percent, from Ksh81,398.16 to Ksh82,488.13 per cubic metre from January to February 2025. Conversely, the average landed cost for Kerosene saw a decline of 1.36 percent.

EPRA emphasized that Kenya relies entirely on imported refined petroleum products, which are traded internationally based on pricing benchmarks. The conversion of prices from US Dollars to Kenyan Shillings is a crucial factor in determining local pump prices. Despite previous concerns over potential price hikes, the latest price announcement is favorable, especially for motorists.

Recent fears concerning rising fuel prices were calmed with this announcement. Earlier in the week, some media suggested that EPRA intended to increase pump prices to compensate oil marketing companies and transporters. However, the current review reflects a decrease in international oil prices, with the Central Bank of Kenya reporting a drop in Murban oil prices to Ksh9,119.75 per barrel as of March 6, down from Ksh9,928.82 per barrel on February 26.

The EPRA’s decision to maintain current fuel prices for the month of March to April reflects stability for consumers amid fluctuating international oil costs. Including VAT aligns with legal requirements, while the drop in international prices provides further relief to Kenyans. This update is particularly pertinent for motorists, who had anticipated possible increases, ensuring consistent pricing during the specified period.

Original Source: www.kenyans.co.ke