Fuel prices are holding steady! The Energy and Petroleum Regulatory Authority (Epra) has some news that might surprise many. Despite the ever-changing global energy landscape, Epra has decided to keep retail petroleum prices at the same level for November and December.
Here's the deal: in Nairobi, drivers will still pay Sh184.52, Sh171.47, and Sh154.78 for Super Petrol, Diesel, and Kerosene, respectively. These prices, effective immediately, include the 16% Value Added Tax (VAT) as per the latest financial regulations.
But here's the twist: Epra's Director General, Daniel Kiptoo, revealed that this decision is based on the relatively stable landed costs of imported fuel. The average cost of imported Super Petrol even dipped slightly by 0.18% from September to October. Yet, Diesel and Kerosene prices rose during the same period. This nuanced situation highlights the complex nature of fuel pricing.
Epra's calculations aim to ensure pricing transparency and fairness, providing a sense of stability for consumers and transport businesses alike. And this is the part most people miss: such decisions can significantly impact household budgets and transportation costs, affecting various industries and the overall economy.
So, what do you think? Is Epra's decision a welcome relief or a missed opportunity to adjust prices? Let us know in the comments below!
