The Energy and Petroleum Regulatory Authority (EPRA) has introduced a new fuel pricing model that seeks to balance the interests of consumers, investors and the government while ensuring price stability in Kenya's petroleum sector.
Speaking at a stakeholder meeting in Nairobi, EPRA Director General (DG) Daniel Kiptoo emphasized that the revised pricing structure, developed after extensive consultations, aims to reflect the real costs incurred across the fuel supply chain.
Kiptoo said that the study behind the model considered key factors such as taxation, transportation costs, exchange rate fluctuations, and global oil prices. "The last review was conducted in 2018, and since then, the economic landscape has significantly changed," he said, adding that this new model took into account inflation, the depreciation of the Kenyan shilling, and changes in international oil markets to ensure a fair pricing system.
Also making his remarks was the Director of Economic Regulation and Strategy Directorate at EPRA, Dr.
