Road maintenance levy up as fuel prices reduce in EPRA's July review
Business
By
Denis Omondi
| Jul 14, 2024
The Energy and Petroleum Regulation Authority (EPRA), has reduced the pump prices for major petroleum products in its July review.
Super Petrol, Diesel and Kerosene will retail at Sh 188.84, Sh 171.60, and Sh 161.75 starting midnight today following a reduction of Sh 1, Sh 1.50, and Sh 1.30 respectively.
According to EPRA, the landed costs for Super Petrol and Diesel reduced in June while that of Kerosene increased slightly hence the price reductions in the latest review.
The shilling also strengthened against the dollar to exchange at the rate of Sh 129 in June compared to Sh 132 in May leading to a further reprieve.
"The average landed cost of imported Super Petrol decreased by 4.65% from $750.95 per cubic metre in May 2024 to $716.03 per cubic metre in June 2024, Diesel decreased by 1.19% from $690.99 per cubic metre to $682.73 per cubic metre while Kerosene increased by 2.01% from US$679.14 per cubic metre to $692.80 per cubic metre," says EPRA in a statement.
READ MORE
Teacher completes 45-hour math marathon, shattering Guinness World Record
AG Dorcas Oduor defends JKIA renovation contract amid transparency concerns
Kenya's health system put to test amid Ebola preparedness
Parliament: The House that fell now hides behind razor wire
Kenyans fighting for Russia 'struck a deal with the devil'
Counties to receive Sh428 billion boost after MPs approve Revenue Bill
Karua calls for justice for June 2024 protests victims
June 25 anniversary protests: Photos that defined the day
IN PICTURES: Gen Z anniversary scenes from across Kenya
Run for Dignity initiative receives Sh2 million support ahead of Karura Forest event
However, the energy sector regulator has increased the Road Maintenance Levy from Sh 18 in the June-July cycle to Sh 25 despite earlier indication from former Transport CS Kipchumba Murkomen that it would likely remain unchanged.
"As suggested by Kenyans, we will only make this decision when we are certain that any revenue measures adopted will not result in a rise in the cost of living," said Murkomen in his statement dated July 8.
According to the government, there is a Sh 78 billion deficit for road maintenance in the 2024/2025 financial year which needs to be raised through the levy.