Business & Financial News

EPRA reduces petrol prices by Sh1

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By Monica MUEMA

The Energy and Petroleum Regulatory Authority has reduced the price of petrol, diesel and kerosene prices by Sh1, Sh1.20 and Sh1.30 respectively.

Meaning the price of super petrol for instance will now retail at Sh192.84 in Nairobi, Sh189.66 in Mombasa and Sh192.66 in Kisumu for the next 30 days.

EPRA said the new prices are inclusive of the 16 per cent 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.

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