The EPRA has reduced fuel prices in Kenya, with petrol down by Sh4.37 per litre to Sh176.29, while diesel and kerosene are reduced by Sh3 per litre to Sh165.06 and Sh148.39, respectively. This decrease is attributed to a decline in international petrol prices and stabilization of the Kenyan Shilling. However, transport fares have reportedly increased in response to holiday travel demands, raising concerns about equitable pricing for consumers.
The Energy and Petroleum Regulatory Authority (EPRA) has confirmed a reduction in fuel prices in Kenya, a strategic initiative aimed at providing economic relief to consumers during the festive season. Effective from the latest pricing release, petrol prices have been lowered by Sh4.37 per litre, adjusting the retail price to Sh176.29. Diesel and kerosene have also been reduced by Sh3 per litre, bringing their prices to Sh165.06 and Sh148.39, respectively. This marks a significant price drop, with current fuel prices being the lowest since April of the previous year.
This price adjustment has coincided with an overall downturn in international petrol prices, albeit with rising global prices for diesel and kerosene. The stabilization of the Kenyan Shilling against the US dollar, currently at approximately Sh129, has facilitated these pricing changes. Despite the reduction, consumers may not see equivalent benefits in public transport fares, especially during peak travel times. Reports indicate that public service vehicle operators have begun to increase fares as travel demand surges in the lead-up to Christmas and New Year festivities.
The EPRA’s recent price revisions come at a time when many Kenyans are preparing for increased travel over the holiday season. With the significant changes in fuel costs, the authority aims to cushion citizens from rising living costs amid fluctuating international oil prices. The last major adjustments prior to this announcement had seen sharp increases, compelling consumers to navigate a landscape of rising transportation and operational expenses.
In conclusion, the recent reductions in fuel prices by the EPRA represent a positive shift for consumers in Kenya, particularly as they prepare for the festive season. However, the disparity between fuel price cuts and transport fare increases poses a significant challenge for commuters. As such, the onus lies on manufacturers and transport operators to reflect these reductions in a manner that benefits all consumers. Continuous monitoring and advocacy for equitable pricing practices will be essential in ensuring that price fluctuations are transparently conveyed to the public.
Original Source: www.mwakilishi.com
