The Energy and Petroleum Regulatory Authority (EPRA) on Thursday announced that the prices of Super Petrol, Diesel, and Kerosene will remain unchanged in the March fuel review.
In its latest fuel review, the prices of Super Petrol, Diesel, and Kerosene will continue to retail at Ksh176.58, Ksh167.06, and Ksh151.39, respectively.
EPRA noted that the calculated maximum retail prices of petroleum products will be in force from 15 March to 14 April this year.
According to EPRA, the prices are inclusive of the 16 per cent of Value Added Tax (VAT) in line with the provisions of the Finance Act 2023, the Tax Laws (Amendment) Act 2024.
The regulator further announced that the average landed cost of imported Super Petrol increased by 1.34 per cent from Ksh81,398.16 per cubic metre in January 2025 to Ksh82,488.13 per cubic metre in February 2025.
Similarly, the average landed cost of diesel increased by 1.41 per cent from Ksh86,879.07 per cubic metre to Ksh88,107.55 per cubic metre while Kerosene decreased by 1.36 per cent from Ksh88,212.41 per cubic metre to Ksh87,008.52 per cubic metre over the same period.
"Currently, Kenya imports all its petroleum product requirements in refined form and the products are traded in international markets based on a pricing benchmark," EPRA noted.
"Further, the trade of petroleum products in the international markets is denominated in United States Dollars, and an exchange rate is applied to convert the dollars to shillings during the computation of local pump prices," the regulator added.
The latest announcement comes as good news for many Kenyans, particularly motorists who anticipated a hike in fuel prices following recent reports of the regulator's plan to introduce new charges.
Early in the week, reports emerged about EPRA's plan to increase the pump prices, a move aimed at paying off the oil marketing companies and the transporters of the petroleum products.
EPRA's review today comes on the back of a drop in the International oil prices. The Central Bank of Kenya in its weekly bulletin published on March 7 revealed that Murban oil prices dropped to Ksh9,119.75 per barrel from Ksh9,928.82 per barrel on February 26.
"International oil prices decreased, with Murban oil prices falling to Ksh9,119.75 per barrel on March 6, from Ksh9,928.82 per barrel on February 26, amid major oil exporters (OPEC+) plans to raise oil output," the Central Bank said.
