EPRA Confirms Stable Fuel Prices for March to April 2025

EPRA has confirmed that Super Petrol, Diesel, and Kerosene prices will remain unchanged at Ksh176.58, Ksh167.06, and Ksh151.39 respectively from March 15 to April 14, 2025. The announcement follows minor fluctuations in landed costs and a decrease in international oil prices, providing relief to Kenyan consumers.

The Energy and Petroleum Regulatory Authority (EPRA) has announced that the prices of Super Petrol, Diesel, and Kerosene will remain unchanged in the upcoming March fuel review. Super Petrol will continue to be sold at Ksh176.58, Diesel at Ksh167.06, and Kerosene at Ksh151.39. These prices will take effect from March 15 until April 14, 2025, and include a 16% Value Added Tax (VAT) as mandated by the Finance Act of 2023 and the Tax Laws (Amendment) Act of 2024.

EPRA reported an increase in the average landed cost of imported Super Petrol by 1.34%, rising from Ksh81,398.16 to Ksh82,488.13 per cubic metre from January to February 2025. Similarly, Diesel’s landed cost rose by 1.41%, from Ksh86,879.07 to Ksh88,107.55. Conversely, Kerosene saw a decrease of 1.36%, dropping from Ksh88,212.41 to Ksh87,008.52 in the same period.

The regulator emphasized that Kenya imports all its refined petroleum products, which are subjected to international market pricing benchmarks. Furthermore, the pricing of these products is conducted in United States Dollars, necessitating conversion to Kenyan Shillings during the computation of local pump prices.

This announcement brings relief to many Kenyans, especially motorists, who were bracing for potential increases in fuel prices due to earlier reports about new charges planned by EPRA. Speculations suggested that these changes would be implemented to ensure payments to oil marketing companies and transporters.

The EPRA’s review was influenced by a notable decline in international oil prices. The Central Bank of Kenya noted that Murban oil prices decreased from Ksh9,928.82 per barrel on February 26 to Ksh9,119.75 per barrel on March 6, amid the efforts of major oil exporters (OPEC+) to increase oil output.

In summary, EPRA’s announcement of stable fuel prices for March and April offers a respite for consumers amid fluctuating global oil costs. The slight increases in the landed costs for Super Petrol and Diesel, contrasted by a drop for Kerosene, reflect the complexities of pricing in international markets. The news, paired with decreasing international oil prices, appears to provide consumers with temporary relief from anticipated hikes. The situation will be closely monitored in the coming months as global oil dynamics evolve.

Original Source: www.kenyans.co.ke