EPRA Maintains Fuel Prices for March to April 2025
The EPRA has announced that the prices of Super Petrol, Diesel, and Kerosene will remain unchanged from March 15 to April 14, 2025. This decision reflects recent fluctuations in international oil prices and aims to provide consumer stability. Notably, the prices are inclusive of VAT, and the average costs for Super Petrol and Diesel have risen slightly, while Kerosene has decreased.
On Thursday, the Energy and Petroleum Regulatory Authority (EPRA) declared that the prices for Super Petrol, Diesel, and Kerosene will remain unchanged during the March fuel review. These prices are set at Ksh176.58 for Super Petrol, Ksh167.06 for Diesel, and Ksh151.39 for Kerosene. The regulated prices will be effective from March 15 until April 14, 2025.
EPRA has confirmed that these fuel prices include a 16 percent Value Added Tax (VAT) as stipulated in the Finance Act 2023 and the Tax Laws (Amendment) Act 2024. Additionally, the review indicates an increase in the average landed costs for both Super Petrol and Diesel, by 1.34 percent and 1.41 percent respectively, whereas Kerosene experienced a decrease of 1.36 percent.
The regulator emphasized that Kenya relies completely on imported petroleum products and prices are determined by international market benchmarks. The trade of these products occurs in United States Dollars, necessitating an exchange rate conversion to shillings for local pricing calculations.
This announcement is largely welcomed by Kenyans, especially motorists, who were bracing for a potential increase in fuel prices. Speculation about EPRA’s intentions to raise pump prices aimed at settling debts owed to oil marketing companies was prevalent earlier in the week.
The review is further contextualized by the recent decline in international oil prices. According to the Central Bank of Kenya’s weekly bulletin, Murban oil prices have dropped significantly from Ksh9,928.82 per barrel on February 26 to Ksh9,119.75 on March 6, amidst planned increases in oil output by major oil exporters (OPEC+).
In summary, EPRA has maintained the current fuel prices for Super Petrol, Diesel, and Kerosene for the period from March 15 to April 14, 2025. This decision comes in response to fluctuating international oil prices and aims to provide stability for consumers. The inclusion of VAT and an overall decrease in Kerosene prices reflects broader trends in the international market, marking a respite for motorists amid earlier concerns over potential increases.
Original Source: www.kenyans.co.ke
