Have you ever wondered how the Energy and Petroleum Regulatory Authority (EPRA) determines the prices of fuel each month?
The authority has shed light on the factors that determine how deeply consumers will dig into their pockets to afford the precious commodity.
In EPRA's Energy and Statistics Report during the first half of the financial year 2024/2025, the authority revealed that the calculation of fuel prices each month was dependent on several different cost components.
At the top of these components are landed costs, which entail expenses incurred when petroleum products arrive in the country through Kenyan ports.
