In its latest monthly review, the Energy and Petroleum Regulatory Authority (EPRA) cut diesel prices by the biggest margin of Sh19.9 per litre, giving transporters and big manufacturers a major relief.
Petrol reduced by Sh9.54 while Kerosene increased bySh2.49 per litre from last night, when oil marketers were expected to adjust their pump prices.
EPRA, however, said computation of the pump prices took into account the changes occasioned by the Tax Laws (Amendment) Act of 2020, which made taxes and other levies part of the vatable amount in the calculation of value-added tax (VAT) for petroleum products.
"The changes in this month's prices are as a consequence of the average landed cost of imported super petrol decreasing by 38.94 per cent for US$309.03 per cubic metre in March 2020 to US$188.07 per cubic metre in April," EPRA said in a statement yesterday.
In a letter to Petroleum Secretary John Munyes, oil marketers through the chairman of the Oil Industry Supply Coordination Committee and KenolKobil general manager Martin Kimani requested for the fuel to be maintained at the current prices in the monthly.
