By Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022, the Energy & Petroleum Regulatory Authority (EPRA) has calculated the maximum retail prices of petroleum products which will be in force from 15th July 2024 to 14th August 2024.
In the period under review, the maximum allowed petroleum pump price for Super Petrol, Diesel, and Kerosene decreased by KShs.1.00 per liter, KShs.1.50 per liter, and KShs. 1.30 per litre respectively. KShs.1.30
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.
The average landed cost of imported Super Petrol decreased by 4.65% from US$750.95 per cubic meter in May 2024 to US$716.03 per cubic meter in June 2024; Diesel decreased by 1.19% from US$690.99 per cubic meter to US$682.73 per cubic meter while Kerosene increased by 2.01% from US$679.14 per cubic meter to US$692.80 per cubic meter.
The changes in the landed costs are summarized in Table 1.
Table 1: Summary of Landed Costs
PRODUCT
MAY-24
JUN-24
CHANGE
Super Petrol
(US$/Cubic Metre)
750.95
716.03
-4.65%
Diesel
(US$/Cubic Metre)
690.99
682.73
-1.19%
Kerosene
(US$/Cubic Metre)
679.14
692.80
+2.01%
PRA
ISO 9001:2015 Certified
Dok
Currently, Kenya imports all its petroleum product requirements in refined form and the products are traded in international markets based on a pricing benchmark provided by S&P Global Platts. Table 2 indicates the trend of petroleum prices in the international markets.
Table 2: Trend of International Petroleum Prices as provided by S&P Global Platts
Platts in US$/MT Jul-23 Aug-23 Sept-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 March- 24 April- 24 May-24 Jun-24
Super Petrol
Diesel
Kerosene
880.67 947.97 961.35
804.16
791.66
747.11 770.64
838.04
881.11
927.00 849.52 814.49
725.92 853.40 898.26
839.26 762.85
708.45 718.72
745.96
726.62
737.49 680.20 688.97
766.46 903.25 952.62
876.75 825.18 781.46
770.49 784.24
779.19
783.98 721.75 739.24
Further, the trade of petroleum products in the international markets is denominated in United States Dollars (USD), and an exchange rate is applied to convert the USD to KShs during the computation of local pump prices. Table 3 indicates the trend of the USD-KShs. exchange rate in the last 12 months.
Table 3: Trend of USD-KShs Exchange rate
Forex
USD/KShs
Jul-23 Aug-23 Sept-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 March-24 April-24 May-24 Jun-24
146.07 148.98 153.25 155.64 157.52 158.81 164.42 148.02
134.63 132.72
133.54
129.06
The trend of the price of Murban Crude oil in the last 12 months is indicated in table 4.
Table 4: Trend of Murban Crude Oil prices in international markets
Murban Crude Oil Jul-23 Aug-23 Sept-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 March-24 April-24 May-24 Jun-24
USD/Bbl
75.59 75.61 80.78
87.28 93.92 91.00 83.32 77.68 79.06 80.99
84.52
89.14
A summary of the resultant retail prices for major towns in Kenya is provided as Annex I Further, a detailed breakdown of the cost items for retail prices in Nairobi is provided as Annex II for information.
PRA
ISO 9001:2015 Certified
Dok
The purpose of the Petroleum Pricing Regulations is to cap the retail prices of petroleum products that are already in the country so that importation and other prudently incurred costs are recovered while ensuring reasonable prices to consumers.
EPRA wishes to assure the public of its continued commitment to the observance of fair competition and protection of the interests of both consumers and investors in the energy and petroleum sectors.
Regards,
Daniel Kiptoo Bargoria, MBS, OGW DIRECTOR GENERAL
14th July 2024
PRA
ISO 9001:2015 Certified
9.14
ANNEX I
15th July 2024-14th August 2024
MAXIMUM PUMP PRICES
Automotive
Super Petrol
Diesel
Kerosene
TOWNS
(PMS)
(AGO)
(IK)
KShs./L
KShs./L
KShs./L
2 Kilifi
1 Mombasa
3 Likoni Mainland
4 Kwale
5 Malindi
6 Lungalunga
7 Voi
8 Taveta
185.66
168.43
158.7
186.43
169.20
159.46
186.05
168.82
159.08
186.05
168.82
159.08
186.65
169.42
159.68
186.81
169.58
159.85
187.25
170.02
160.28
188.76
171.53
161.80
9 Lamu
189.20
171.97
162.24
10 Hola
189.51
172.28
162.54
11 Mpeketoni
189.20
171.97
162.24
12 Minjila
188.10
170.87
161.12
13 Garsen
188.19
170.96
161.23
14 Samburu
185.99
168.76
159.01
15 Taru
186.17
168.94
159.21
16 Mwatate
187.61
170.38
160.64
17 Wundanyi
187.79
170.56
160.82
18 Kaloleni
185.83
168.60
158.86
19 Marereni
187.36
170.13
160.39
20 Nairobi
188.84
171.6
161.75
21 Thika
188.84
171.6
161.75
22 Machakos
189.09
171.85
162.00
23 Kajiado
189.28
172.04
162.20
24 Makuyu
189.14
171.91
162.06
25 Muranga
189.40
172.16
162.31
26 Sagana
189.63
172.39
162.55
27 Embu
190.02
172.78
162.93
28 Kerugoya
189.93
172.7
162.85
29 Narok
190.33
173.08
163.25
30 Nyeri
190.31
173.07
163.22
31 Namanga
190.49
173.26
163.41
32 Kiganjo
190.27
173.04
163.19
33 Chuka
190.59
173.35
163.50
34 Kitui
35 Mwingi 36 Nanyuki
190.48
173.24
163.40
190.89
173.65
163.81
190.91
173.67
163.83
PRA
ISO 9001:2015 Certified
1.14
ANNEX I
15th July 2024-14th August 2024
MAXIMUM PUMP PRICES
TOWNS
Super Petrol (PMS)
Automotive Diesel (AGO)
Kerosene (IK)
KShs./L
KShs./L
KShs./L
37 Nkubu
191.95
174.71
164.87
38 Mtito Andei
191.45
174.21
164.37
39 Meru
192.16
174.92
165.08
40 Isiolo
192.01
174.77
164.92
41 Maua
192.65
175.40
165.57
42 Garissa
193.31
176.08
166.23
43 Marsabit
197.27
180.03
170.18
44 Liboi
196.29
179.05
169.20
45 Moyale
198.97
181.73
171.88
46 Sololo
197.95
180.72
170.87
47 Habaswein
196.21
178.96
169.12
48 Dadaab
194.80
177.56
167.71
49 Tarbaj
198.62
181.38
171.53
50 Elwak
200.34
183.11
173.26
51 Wajir
198.78
181.55
171.70
52 Modogashe
196.36
179.12
169.27
53 Mandera
202.84
185.6
175.76
54 Matuu
189.79
172.56
162.71
55 Merti
194.57
177.34
167.49
56 Oldonyiro
191.37
174.13
164.28
57 Eldas
200.69
183.45
173.60
58 Bute
197.51
180.27
170.43
59 Hadado
196.00
178.76
168.91
60 Mai Mahiu
188.97
171.73
161.88
61 Doldo
191.73
174.49
164.64
62 Lamuria
190.78
173.55
163.7
63 Sipili
191.72
174.48
164.63
64 Marimanti
191.31
174.07
164.23
65 Mutuobare
190.6
173.36
163.51
66 North Horr
198.3
181.06
171.22
67 Maikona
196.81
179.58
169.73
68 Kalacha
197.4
180.16
170.31
69 Loyangalani 70 Turbi
197.46
180.23
170.38
197.26
180.02
170.17
PRA ISO 9001:2015 Certified
9.14
ANNEX I
15th July 2024-14th August 2024
MAXIMUM PUMP PRICES
Automotive
Super Petrol
Diesel
Kerosene
TOWNS
(PMS)
(AGO)
(IK)
KShs./L
KShs./L
KShs./L
71 Laisamis
72 Merille
73 Korr
74 Nakuru
75 Gilgil
76 Mogotio
77 Molo
78 Olenguruone
194.26
177.02
167.17
193.93
176.7
166.85
195.27
178.04
168.19
187.90
171.04
161.27
187.86
171.00
161.24
187.84
170.99
161.23
187.94
171.09
161.32
188.69
171.83
162.07
79 Londiani
188.18
171.32
161.55
80 Nyahururu
188.17
171.31
161.54
81
Archers Post
191.37
174.52
164.75
82 Lodosoit
192.55
175.69
165.94
83 Naivasha
188.25
171.39
161.62
84 Marigat
85 Kabarnet
188.68
171.82
162.05
189.21
172.35
162.58
86 Maralal
190.37
173.51
163.76
87 Wamba
191.28
174.42
164.65
88 Rumuruti
188.75
171.89
162.13
89
Eldoret
188.67
171.81
162.04
90 Kiplombe
188.67
171.81
162.04
91 Iten
188.67
171.81
162.04
92 Naiberi
188.67
171.81
162.04
93
Kesses
188.67
171.81
162.04
94 Kapsabet
188.68
171.82
162.05
95 Webuye
189.12
172.27
162.50
96 Kitale
189.05
172.2
162.43
97 Kapenguria
189.73
172.88
163.11
98 Bungoma
189.49
172.63
162.86
99 Moiben
188.68
171.82
162.05
100 Matunda
188.66
171.8
162.03
101 Burnt Forest
188.61
171.75
161.98
102 Tambach
188.70
171.85
162.09
103 Kapsowar
189.21
172.35
162.58
104 Chebara
189.08
172.23
162.46
105 Kimwarer
189.00
172.14
162.38
2PRA
ISO 9001:2015 Certified
DIL
ANNEX I
15th July 2024- 14th August 2024
MAXIMUM PUMP PRICES
Automotive
Super Petrol
Diesel
Kerosene
TOWNS
(PMS)
(AGO)
(IK)
KShs./L
KShs./L
KShs./L
106 Timboroa
107 Nandi Hills
188.91
172.06
162.29
188.88
172.02
162.25
108 Kaiboi
188.72
171.87
162.10
109 Kiminini
189.25
172.39
162.63
110 Endebes
189.63
172.77
163
111 Saboti
189.28
172.42
162.65
112 Chepareria
189.96
173.10
163.34
113 Lomut
191.69
174.84
165.07
114 Burgich
190.41
173.55
163.78
115 Sigor
190.55
173.69
163.92
116 Lodwar
193.16
176.30
166.53
117 Kakuma
194.86
178
168.23
118 Lokichar
192.08
175.23
165.46
119 Kalokol
193.97
177.11
167.35
120 Lokori
192.47
175.61
165.85
121 Lokitaung
197.07
180.22
170.45
122 Kapedo
191.69
174.84
165.07
123 Malaba
189.92
173.06
163.29
124 Lokichogio
196.14
179.28
169.52
125 Ziwa
188.88
172.02
162.25
126 Soy
188.67
171.81
162.04
127 Moi’s Bridge
188.74
171.88
162.11
128 Turbo
188.61
171.75
161.98
129 Kibish
197.32
180.46
170.69
130 Nakalale
196.06
179.2
169.43
131 Loima
192.21
175.35
165.59
132 Lokiriama
193.89
177.03
167.27
133 Kainuk
190.89
174.03
164.27
134 Kacheliba
190.16
173.3
163.55
135 Kiwawa
190.82
173.97
164.2
136 Ortum
190.37
173.51
163.76
137 Kachibora
189.08
172.23
162.46
138 Kwanza
189.85
172.99
163.22
139 Kaplamai
189.11
172.25
162.49
PRA
ISO 9001:2015 Certified
дж
ANNEX I
15th July 2024- 14th August 2024
MAXIMUM PUMP PRICES
Automotive
Super Petrol
Diesel
Kerosene
TOWNS
(PMS)
(AGO)
(IK)
KShs./L
KShs./L
KShs./L
140 Eldama Ravine
189.56
172.7
162.93
141 Tenges
189.71
172.85
163.08
142 Barwessa
189.83
172.98
163.21
143 Kipsaraman
190.80
173.94
164.19
144 Loruk
190.66
173.8
164.05
145 Kabartonjo
189.56
172.7
162.93
146 Tindiret
189.63
172.77
163.00
147 O’lessos
188.74
171.88
162.11
148 Kobujoi
189.17
172.31
162.54
149 Serem
189.25
172.39
162.63
150 Kabiyet
188.67
171.81
162.04
151 Cheptulu
189.12
172.27
162.50
152 Songor
189.71
172.85
163.08
153 Kapcherop
189.32
172.46
162.70
154 Sambalat
190.06
173.20
163.43
155 Arror
189.68
172.82
163.06
156 Tot
189.9
173.05
163.28
157 Kaptarakwa
188.88
172.02
162.25
158 Kapese
192.04
175.18
165.42
159 Kalemngorok
191.39
174.53
164.77
160 Marich
190.29
173.43
163.66
161 Alale
190.82
173.97
164.2
162 Kunyao
190.45
173.6
163.84
163 Asilong
190.01
173.15
163.39
164 Orolwo
190.06
173.2
163.43
165 Sebit
190.00
173.14
163.37
166 Morpus
189.9
173.05
163.28
167 Chepkorniswo
189.78
172.92
163.15
168 Kaibichbich
189.72
172.86
163.10
169 Keringet
189.43
172.57
162.81
170 Kisumu
171 Sondu
188.66
171.81
162.04
188.77
171.91
162.14
172 Oyugis
189.29
172.43
162.67
173 Kakamega
188.71
171.85
162.09
EPRA
ISO 9001:2015 Certified
DYL
ANNEX I
15th July 2024-14th August 2024
MAXIMUM PUMP PRICES
Automotive
Super Petrol
Diesel
Kerosene
TOWNS
(PMS)
(AGO)
(IK)
KShs./L
KShs./L
KShs./L
174 Mumias
175 Bondo
176 Siaya
177 Kericho
178 Nyamira
189.00
172.16
162.39
188.89
172.03
162.26
189.02
172.16
162.4
189.2
172.35
162.58
189.27
172.41
162.65
179 Kisii
189.61
172.75
162.98
180 Sotik
189.42
172.56
162.8
181 Keroka
189.62
172.76
163.00
182 Busia
189.59
172.74
162.97
183 Homabay
189.54
172.68
162.91
184 Migori
190.45
173.59
163.83
185 Isebania
190.76
173.9
164.14
186 Bomet
189.86
173
163.23
187 Muhoroni
188.91
172.05
162.28
188 Mbita
189.53
172.67
162.90
189 Mbale
188.66
171.81
162.04
190 Etago
190.22
173.36
163.59
191 Magenche
190.33
173.47
163.71
192 Kilgoris
190.15
173.29
163.52
193 Malava
189.05
172.19
162.42
194 Lugari
189.47
172.61
162.84
195 Rodi Kopany
189.61
172.75
162.98
196 Ndhiwa
189.90
173.04
163.27
197 Rangwe
189.59
172.74
162.97
198 Sindo
199 Awasi
200 Ahero
201 Ugunja 202 Asembo
189.61
172.75
162.98
188.62
171.76
161.99
188.66
171.81
162.04
189.12
172.26
162.49
188.75
171.89
162.12
203 Usenge
189.26
172.4
162.63
204 Harambee
188.7
171.84
162.08
205 Muhuru Bay
190.6
173.75
163.99
206 Kehancha
190.86
174
164.23
207 Ntimaru
191.19
174.34
164.57
EPRA
ISO 9001:2015 Certified
D-K
MAXIMUM PUMP PRICES
ANNEX I
15th July 2024- 14th August 2024
Automotive
Super Petrol
Diesel
Kerosene
TOWNS
(PMS)
(AGO)
(IK)
KShs./L
KShs./L
KShs./L
208 Rongo
189.87
173.01
163.25
209 Kaspokwony
189.83
172.97
163.2
210 Chwele
189.77
172.91
163.15
211 Kimilili
189.69
172.83
163.07
212 Nambale
189.59
172.74
162.97
213 SioPort
189.58
172.72
162.96
214 Port Bunyala
189.63
172.77
163.01
215 Funyula
189.44
172.58
162.82
216 Ogembo
189.77
172.91
163.15
217 Nyangusu 218 Sengera 219 Keumbu
220 Marani
221 Kerina
190.05
173.19
163.43
189.97
173.11
163.34
189.68
172.82
163.05
189.35
172.5
162.74
189.75
172.89
163.12
222 Ikonge
189.05
172.19
162.42
223 Nyansiongo
189.48
172.62
162.86
PRA
ISO 9001:2015 Certified
है
J.K
ANNEX II
Breakdown of the costs of Super Petrol (PMS), Diesel (AGO) and Kerosene (DPK) in Nairobi: 15th July 2024- 14th August 2024
Cost Item
Cost Description
Super Petrol
Diesel
KShs/Litre
Kerosene
KShs/Litre KShs/Litre
Landed Cost (a)
Weighted Average cost for all imports
92.97
88.38
90.25
Pipeline Transport (Msa-Nrb)
Pipeline (80% PMS, AGO & IK)
2.79
2.79
2.79
Road Transport (Msa-Nrb) – Bridging
Road (0% PMS, AGO & IK)
0.00
0.00
0.00
Pipeline Losses Depot Losses
Pipeline (0.25%)
0.01
0.01
0.01
0.5% PMS; 0.3% For DPK & AGO
0.75
0.40
0.37
Delivery within 40kms of Nrb
Storage and distribution (b)
Oil marketing companies margins (c)
Delivery to petrol stations
0.54
0.54
0.54
4.09
3.74
3.71
12.39
12.36
12.36
Price Stabilization Surplus/(Deficit) (d)
(3.35)
(2.50)
(0.92)
Excise Duty
Tax
21.95
11.37
11.37
Road Maintenance Levy
Levy
25.00
25.00
0.00
Petroleum Development Levy
Levy
5.40
5.40
0.40
Petroleum Regulatory Levy
Levy
0.75
0.75
0.75
Railway Development Levy
Levy
1.33
1.27
1.30
Anti-adulteration Levy
Levy
0.00
0.00
18.00
Merchant Shipping Levy
Levy
0.03
0.03
0.03
Import Declaration Fee
Levy
2.22
2.12
2.17
Value Added Tax (VAT)
Tax
26.05
23.68
22.31
Taxes and levies (e)
Applicable Retail Prices in Nairobi (a) + (b) + (c ) + (d) +Â (e)
82.74
69.61
56.34
188.84
171.60
161.75
Summary
Super Petrol
Diesel
Kerosene
KShs/Litre
92.97
KShs/Litre
KShs/Litre
88.38
90.25
Products Costs (a)
Distribution and storage Costs (b)
4.09
3.74
3.71
Margins (c)
12.39
12.36
12.36
Price Stabilization Surplus/(Deficit )(d)
(3.35)
(2.50)
(0.92)
Taxes & Levies (e)
82.74
69.61
56.34
Applicable Retail Prices in Nairobi (a) + (b) +( c) + (d) +
(e)
188.84
171.60
161.75
EPRA
