Nairobi, April 14 : The Energy and Petroleum Regulatory Authority (EPRA) on Monday announced a decrease in fuel prices across Petrol, diesel, and Kerosene. Petrol will now retail at Ksh174.63, Diesel at Ksh164.8,6 and Kerosene at Ksh148.99 in Nairobi.
"In the period under review, the maximum allowed petroleum pump prices for Super Petrol, Diesel and Kerosene decreases by KSh1.95/litre, KSh2.20/litre and KSh2.40/litre respectively," the press release signed by EPRA DG Daniel Kiptoo read in part.
"The prices are inclusive of the 16% Value Added Tax (VAT) in line with the provisions of the Finance Act 2023, the Tax Laws (Amendment) Act 2024, and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020."
In March, EPRA maintained fuel prices for Super Petrol, Diesel, and Kerosene at Ksh176.58, Ksh167.06, and Ksh151.39, respectively, marking a 3-month plateau.
The prices were inclusive of VAT.
The current drop in fuel price can be attributed to a drop in barrel prices reported earlier this month. The Central Bank of Kenya (CBK) announced that international oil prices declined, with Murban oil trading at USD 64.77 (Ksh8,383.46) per barrel on April 10 from USD 71.86 (Ksh9,301.15) per barrel on April 3.
This, according to CBK, reflected concerns over the impact of US tariffs on global demand and increased production of oil in major oil-exporting countries.
In other news, Kenyans abroad sent home $1.23 billion (Sh159.5 billion) in remittances during the first quarter of 2025, reflecting a slow growth of 2.2 per cent compared to the same period last year.
In Last Year's First Quarter the inflows from Kenyans in Diaspora, jumped 18.8 percent to $1.21 billion (Sh156.9 billion) compared to the previous year.
February recorded the slowest increase in remittance flows for the quarter, compared to the other months.
Data from the Central Bank of Kenya (CBK) shows Kenyans living and working abroad sent home $427.4 million (Sh55.4 billion) in January, followed by $422.9 million (Sh54.8 billion) in March, and $382.2 million (Sh49.6 billion) in February.
“Remittance inflows in March 2025 totalled $422.9. million compared to $ 407.8 million in March 2024, an increase of 3.7 per cent. The cumulative inflows for the 12 months to March 2025 increased by 13.5 per cent to $4,972 million compared to $4,380 million in a similar period in 2024. The remittance inflows continue to support the current account and the foreign exchange market,” the CBK said.
The total remittance inflows between January and March this year represent a $26.4 million (Sh3.4 billion) increase from the value of cash sent home during a similar period in 2024.
However, this is a stark contrast to the $190.5 million (Sh24.7 billion) year-on-year addition recorded during the first quarter of last year, highlighting a significant slowdown.
The dip in growth has coincided with the assumption of office by US President Donald Trump, whose administration has rolled out a series of radical anti-immigrant policies, including threats of mass deportations.
However, the United States remains the single largest source of diaspora remittances to Kenya, accounting for 53 per cent of total inflows as of March—down from 56 per cent in the same period last year.