New Petrol Prices In Kenya Today
|City||Super Petrol (PMS) KShs/L||Automotive Diesel (AGO) KShs/L||Kerosene (IK) KShs/L|
Super Petrol, Diesel, and Kerosene (Gasoline) Prices In Kenya Updates
We will look at the latest prices of fuel in Kenya. The Energy & Petroleum Regulatory Authority (EPRA) calculated the maximum retail costs of fuel, which was effective from September, incorporating an 8% VAT and adjusting for inflation as per Legal Notice No 194 of 2020.”
In the Public Notice, the cost of Super Petrol, Diesel, and Kerosene jumped by at least KShs 20.18 per liter, KShs 25.00 per liter, and KShs 20.00 per liter respectively. Super petrol is retailing at Sh178.3 per liter in Nairobi, diesel at Sh163, and kerosene at Sh146.94
The pump prices are inclusive of 8% Value Added Tax (VAT) in line with the provisions of the Finance Act 2018, the revised rates for excise duty adjusted for inflation as per Legal Notice No. 109 of 9th July 2019, and the revised rates for Railway Development Levy (RDL). You can access the updated full list of fuel prices in Kenya from the EPRA website.
Fuel Prices Subsidies
The Energy and Petroleum Regulation Authority(EPRA) set the new retail prices of fuel in May. The retail price of Petrol is currently Ksh150.12 per liter. On the other hand, diesel retails at Ksh131 and kerosene at Ksh118.94 per liter. A rise from initial prices of Ksh150.12, Ksh125.50 and Ksh113.44 respectively.
Pump prices have hit a record high with both prices increasing by sh. 5.50 per liter. This subsequently leads to an increase in the prices of basic commodities and services. Without the subsidy super petrol would retail at Ksh176.47 per liter with diesel and kerosene retailing at Ksh174.94 and Ksh169.26 respectively. For comparison, the average price of gasoline in the world for this period is Ksh219.36.
The Kenyan government committed to offering a subsidy scheme to pay marketers an estimated 14.59 billion. A compensation of Sh9.02 billion from a subsidy of Sh40.24 per liter of diesel. In addition, Sh5.057 billion from Sh29.08 per liter of petrol and Sh310.87 million for kerosene are offered to marketers. The subsidy comes under sustained pressure from a spike in global prices of crude. This increased the compensation margins for oil marketers.
Mandera has the highest prices per liter of fuel retailing at Ksh163.15. In Nairobi, fuel costs Ksh150.12 per liter. The lowest price of Ksh147.86 is in Mombasa.
Prices of petrol have evidently hit historical highs in Kenya and this trickles down to everything in the economy including food prices, transportation, and basic commodities.
Currently, the price of a liter of super petrol is Ksh.179.30. A liter of diesel and kerosene retails at a price of Ksh.165.00 and Ksh.147.94 respectively.
Diesel and kerosene prices keep climbing and the worst may be yet to come. Super petrol is retailing at Sh178.3 per liter in Nairobi, diesel at Sh163, and kerosene at Sh146.94.
Currently, the price of a liter of super petrol is Ksh.179.30. A liter of diesel and kerosene retails at a price of Ksh.165.00 and Ksh.147.94 respectively
Venezuela is the world’s cheapest country to buy petrol, where amazingly it costs just Ksh.2.95 a liter.
This is because it’s home to some of the biggest oil reserves in the world. But it’s also a country where income is very low too.
Nairobi petrol prices, a liter: The price of unleaded petrol in Kenya today is Ksh.179.862
The main difference between leaded and unleaded fuel is the additive tetraethyl lead. Leaded gas was commonly used many years ago but it was discovered that lead has undesirable side effects when the lead is released into the air. Leaded gas was found to be harmful to the environment and humanity which resulted in the production of unleaded gas. You won’t find leaded gas at the pump. Nowadays its used for motor racing, heavy equipment, and marine vehicles.
It is also known as petrol or gas.
Super Petrol also known as Premium Motor Gasoline Premium Motor Spirit (PMS) or petrol is a product derived from crude and used as fuel in internal combustion engines.
This fuel is for spark engines like car engines. In some countries, PMS is mixed with ethanol at some predetermined ratios and used as an alternative fuel. PMS is more volatile than Diesel and Kerosene because of its base constituents and additives.
The PMS marketed in Kenya conforms to the following critical parameters as set by the Kenya Bureau of Standards;
It must have a density of 15 degrees centigrade Kg/m3 of 780 maximum
It must have a Research Octane number of 91 minimum and Sulphur content of 0.15% maximum