Fuel Prices Remain Unchanged in Epra's Latest Review for August 2024

-

 The Energy and Petroleum Regulatory Authority (Epra) has announced that fuel prices will remain unchanged for the period from August 15, 2024, to September 14, 2024. This decision follows a review conducted under Section 101(y) of the Petroleum Act 2019 and Legal Notice No. 192 of 2022.


Current Fuel Prices

In Nairobi, the maximum retail prices for the coming month are as follows:

  • Super Petrol: KSh 188.84
  • Diesel: KSh 171.60
  • Kerosene: KSh 161.75

These prices include the 16% Value Added Tax (VAT), consistent with the Finance Act 2023, Tax Laws (Amendment) Act 2020, and revised excise duty rates adjusted for inflation as specified in Legal Notice No. 194 of 2020.

Price Trends and Import Costs

Epra's review also highlights recent trends in the average landed cost of imported petroleum products:

  • Super Petrol: Decreased by 1.06% from US$716.03 per cubic metre in June 2024 to US$708.47 per cubic metre in July 2024.
  • Diesel: Increased by 1.62% from US$682.73 per cubic metre to US$693.82 per cubic metre.
  • Kerosene: Increased by 1.87% from US$692.80 per cubic metre to US$705.74 per cubic metre.

Regional Fuel Prices

The fuel prices vary across different regions of Kenya:

  • Mombasa: Super Petrol at KSh 185.66, Diesel at KSh 168.43, Kerosene at KSh 158.70
  • Nakuru: Super Petrol at KSh 187.90, Diesel at KSh 171.04, Kerosene at KSh 161.27
  • Eldoret: Super Petrol at KSh 188.67, Diesel at KSh 180.81, Kerosene at KSh 162.04
  • Kisumu: Super Petrol at KSh 188.66, Diesel at KSh 171.81, Kerosene at KSh 162.04

Epra's decision to maintain current fuel prices reflects a balance between fluctuating import costs and domestic pricing regulations. Despite minor increases in the cost of diesel and kerosene, the stability in super petrol prices aims to provide some consistency for consumers. As always, these prices are subject to adjustments based on future market conditions and regulatory changes.

Popular posts from this blog

ExpressVPN vs. Private Internet Access: Which VPN Reigns Supreme in 2024?

-
Image
Safeguarding your online privacy and securing your business data, choosing the right VPN can make all the difference. In 2024, the competition between top VPN providers is fiercer than ever, with ExpressVPN and Private Internet Access (PIA) standing out as two of the most popular choices. Both offer robust security features, fast connection speeds, and extensive server networks, but which one truly reigns supreme? In this article, we'll dive deep into a side-by-side comparison of ExpressVPN and PIA, analyzing their strengths, weaknesses, and overall value for businesses in 2024. Whether you're a seasoned VPN user or just starting out, this guide will help you make an informed decision on which service best suits your needs. This article offers a comprehensive comparison between Private Internet Access (PIA) VPN and ExpressVPN for 2024, highlighting key features, performance, and value. Here’s a summary of the main points: Performance and Speed Winner: ExpressVPN ExpressVPN pro...
Read more

Building AI Agents: Exploring Top Platforms for Developing Intelligent Conversational Assistants

-
Image
 In today's digital age, businesses and organizations are increasingly leveraging AI to enhance customer experiences, automate tasks, and streamline operations. One of the most prominent applications of AI is the development of AI agents —i ntelligent conversational assistants that can interact with users in natural language, understand their needs, and perform a wide range of tasks autonomously. These agents, often referred to as chatbots, virtual assistants, or conversational AI, are becoming essential tools across various industries, from customer service and healthcare to finance and retail. This article explores some of the leading AI platforms that enable developers and businesses to build, deploy, and manage sophisticated AI agents. Each platform offers unique features and capabilities, making it suitable for different use cases and development environments. We'll delve into the key aspects of these platforms, highlighting their strengths and potential applications. Top ...
Read more

Boost Your Business: Premium Software as a Service Platforms You Should Know About

-
Image
In today's digital age, businesses of all sizes are increasingly turning to Software as a Service (SaaS) platforms to streamline operations, enhance productivity, and drive growth . With a wide array of tools designed to meet various business needs—from marketing and project management to design and communication—SaaS platforms offer flexible, scalable solutions that can be tailored to any organization. In this article, we will explore some of the most impactful premium SaaS platforms available, each offering powerful features that can help you boost your business.  Whether you're looking to optimize your workflow, improve collaboration, or enhance your marketing efforts, these top-tier services provide the tools you need to stay competitive in a rapidly evolving marketplace. SaaS (Software as a Service) companies that allow users to subscribe to their premium services: 1. HubSpot Description: HubSpot offers a suite of marketing, sales, customer service, and CRM software desig...
Read more