By Timothy Albrite
Kenyans across the nation can breathe a sigh of relief as the Energy and Petroleum Regulatory Authority (EPRA) has announced a decrease in fuel prices. In a notice issued by EPRA, Super petrol will decrease by KShs 7.21 per litre, Diesel by Kshs 5.09 per litre, and Kerosene by Kshs 4.49 per litre.
For the people of Nairobi, this means that the cost of Super Petrol, Diesel, and Kerosene will now stand at Kshs 199.15, Kshs 190.38, and Kshs 188.74 per litre, respectively, starting midnight for the next 30 days.
The timing of this price drop couldn’t be better, coinciding with the upcoming Easter holiday and the highly anticipated Safari Rally in Naivasha. With many Kenyans planning travel and festivities during this period, the reduction in fuel prices will undoubtedly come as a relief, allowing families to enjoy their celebrations without the added strain on their wallets.
Taking a closer look at the past 12 months reveals the fluctuating nature of fuel prices in Kenya. Since April 2023, there has been a notable upward trend, with prices steadily climbing until they peaked in October 2023. However, since December 2023, there has been a gradual decline, culminating in the latest reduction announced by EPRA.
Here’s a quick overview of the fuel prices over the past year:
The reduction in prices not only benefits individual motorists but also has broader implications for businesses and the economy as a whole, potentially leading to lower transportation costs and reduced inflationary pressures