Economic Impact: Analyzing the Effects of Decreased Fuel Prices on Motorists
The Energy Petroleum Regulatory Authority (EPRA) has announced a reduction in the prices of Super Petrol, Diesel, and Kerosene in its latest monthly price review.
According to a statement issued on Thursday, the prices for Super Petrol will decrease by Ksh.7.21, Diesel by Ksh.5.09 and Kerosene by Ksh.4.49.
Following the review, a litre of petrol in Nairobi will retail at Ksh.199.15, diesel at Ksh.190.38 and Kerosene at Ksh.188.74.
The new prices take effect from midnight, March 15th to April 14, 2024.
“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,” said EPRA in the statement.
