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EPRA to Announce Petrol, Diesel Price Amid Global Hike

Published 1 month ago3 minute read

Wycliffe Musalia has over six years of experience in financial, business, technology, climate, and health reporting, providing deep insights into Kenyan and global economic trends. He currently works as a business editor at .

- The Energy and Petroleum Regulatory Authority (EPRA) will release new pump prices for June 2025.

EPRA last month kept pump prices unchanged.
Energy and Petroleum Regulatory Authority (EPRA) Director General Daniel Kiptoo speaking at a past event. Photo: EPRA.
Source: Twitter

The regulator's announcement is expected amid the rising oil prices in the internal market.

Prices of Brent Crude oil increased to $74.81 (KSh 9,665) per barrel as of Friday, June 13, while Murban Crude oil retailed at $74.13 (KSh 9,578) per barrel.

In May 2025, global oil prices dropped to $60 (KSh 7,755) per barrel, and OPEC+ countries increased production.

The prices have remained below $65 (KSh 8,398) per barrel in early June but increased by 8% in the second week of the month.

According to the BBC, the increase is attributed to the Israeli-Iraqi war, which is escalating tension in the Middle East.

The increase is expected to continue in the coming weeks as traders weigh in on the impact of the conflict.

Last month, EPRA kept pump prices unchanged, citing a drop in the landed cost of petrol, diesel, and kerosene.

The landed cost of super petrol dropped by 2.95%, diesel (6.62%), and kerosene (4.52%).

A litre of super petrol in Nairobi retails at KSh 174.63, diesel at KSh 164.86, and kerosene at KSh 148.99 for the period between May 15 and June 14.

Meanwhile, EPRA revised margins for oil marketers in its Second Cost of Service Study on the Supply of Petroleum Products (COSSOP II).

Phase one of margin implementation saw oil marketers' earnings per litre, petrol from KSh 12.39 to KSh 15.24, diesel from KSh 12.36 to KSh 15.16, and kerosene from KSh 12.36 to KSh 15.09, while storage and distribution fees rose from KSh 4.03 to KSh 4.36.

The second phase of the implementation is expected to take place in July 2025 and July 2026.

PRA Director General Daniel Kiptoo assured Kenyans that pump prices will not increase following the changes in oil marketers' margins.

Petroleum Outlet Association of Kenya (POAK) chairman Martin Chomba explained to how EPRA will implement the changes in a manner that will not hurt consumers.

Chomba noted that the regulator will not effect the changes in a blanket manner, but will implement them at a time when prices are favourable both locally and in the international market.

Source: TUKO.co.ke

Origin:
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