Consumers in Kenya will continue to enjoy stable fuel prices after the government, through the Energy and Petroleum Regulatory Authority (EPRA), tapped into the Fuel Stabilization Fund to cushion against price increases. This move comes despite a rise in the landed cost of imported fuel, which would have otherwise led to higher pump prices.
The latest review by EPRA indicates that the landed cost of super petrol, diesel, and kerosene increased by 2.8%, 4.2%, and 4.89%, respectively. However, to shield consumers from these fluctuations, the Fuel Stabilization Fund was used to subsidize Ksh 2.41 per litre for super petrol, Ksh 5.59 for diesel, and Ksh 8.74 for kerosene. As a result, the retail prices will remain unchanged across the country.
- Nairobi: Super petrol – Ksh 176.58, Diesel – Ksh 167.06, Kerosene – Ksh 151.39
- Mombasa: Super petrol – Ksh 173.34, Diesel – Ksh 163.82, Kerosene – Ksh 148.15
- Kisumu: Super petrol – Ksh 176.62, Diesel – Ksh 167.44, Kerosene – Ksh 151.82
The price stabilization measure will be in effect from midnight and will run until March 14, 2025, ensuring consistency in fuel costs for the coming month. This is expected to provide economic relief to consumers and businesses that rely on fuel for transportation and operations.
The cost of importing fuel has seen a steady increase, impacting global oil prices. Data from EPRA shows that the average landed cost of super petrol climbed from $611.69 per cubic metre in December 2024 to $628.80 in January 2025. Diesel recorded a 4.2% rise, reaching $681.44 per cubic metre, while kerosene increased by 4.89%, also reaching $681.44 per cubic metre.
The government’s intervention through the Fuel Stabilization Fund plays a crucial role in mitigating the effects of fluctuating global oil prices. By absorbing the additional costs, EPRA ensures that the burden does not fall directly on consumers. This initiative aligns with the government’s broader economic strategy to control inflation and support economic stability.
As fuel prices remain a sensitive issue affecting various sectors, including transport, manufacturing, and agriculture, this stabilization measure will provide temporary relief. However, future price adjustments will depend on global market trends and government policy decisions.
Kenyan consumers can now plan their fuel expenses with certainty for the next month, awaiting further reviews by EPRA in mid-March 2025.
