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Consumers in Kenya receive a temporary reprieve from rising fuel costs as EPRA maintains current pump prices despite global oil market volatility.
Kenyan motorists and businesses have secured a critical, if temporary, shield from global market volatility as the Energy and Petroleum Regulatory Authority (EPRA) announced today that pump prices for the coming month will remain unchanged.
This decision, covering the period from March 15 to April 14, 2026, provides a rare moment of fiscal predictability for an economy grappling with the cascading effects of international geopolitical tensions. While global crude oil benchmarks have surged past the USD 100 (approximately KES 12,900) per barrel mark, local retail rates are holding firm at current levels, offering a brief respite for a nation heavily reliant on imported energy.
In a statement issued Saturday, March 14, the regulator confirmed that maximum retail prices for Super Petrol, Diesel, and Kerosene would stay locked at their current rates. This move, executed under the Petroleum Act of 2019, arrives amidst significant market anxiety following military escalations in the Middle East, specifically reports of shipping disruptions through the critical Strait of Hormuz—a strategic waterway through which nearly 20 percent of the world’s oil transits.
The decision stands in stark contrast to the upward trajectory of landed costs. EPRA data reveals that the average landed cost of imported Diesel spiked by 8.46 percent, rising from USD 586.80 (approximately KES 75,700) per cubic metre in January to USD 636.45 (approximately KES 82,100) per cubic metre in February. Kerosene similarly saw a 6.79 percent increase, while Super Petrol recorded a more modest 1.00 percent rise. By maintaining pump prices, the government has essentially absorbed the shock, preventing an immediate inflationary spike that would have hit the transport, manufacturing, and agricultural sectors hardest.
The announcement follows intense public speculation and political scrutiny. Only 24 hours prior, Kiharu Member of Parliament Ndindi Nyoro had publicly cautioned the government against any upward adjustments, arguing that the existing fuel stocks were imported before the recent geopolitical flare-ups in the Middle East. Nyoro had characterized potential price hikes as unjustified, asserting that consumers should not be made to pay for volatile global conditions using inventory acquired at lower historical rates.
This political pressure highlights the government’s delicate position. With inflation remaining a sensitive issue for the average Kenyan household, any move to pass on even a fraction of the increased import costs could have triggered widespread public outcry and exacerbated the cost-of-living crisis. By holding the line, the administration has managed to avert an immediate political and economic flashpoint, though analysts warn this strategy may face sustainability challenges if global prices do not stabilize.
The stability of these prices is critical for the transport sector, which serves as the lifeblood of the Kenyan economy. The current pricing structure remains as follows:
The decision to maintain these rates reflects a cautious approach to domestic price management. However, the underlying numbers paint a picture of an economy operating under significant external pressure. The Central Bank of Kenya has noted that Murban crude oil—a primary benchmark for Kenya—fluctuated wildly in the week leading up to this decision, trading as high as USD 92.13 (approximately KES 11,900) per barrel on March 12, compared to USD 76.25 (approximately KES 9,800) just one week earlier.
While the immediate relief is tangible, experts suggest the regulatory "status quo" may be difficult to defend indefinitely. The global energy market remains highly reactive to the ongoing conflict in the Middle East. Should shipping disruptions in the Strait of Hormuz persist or intensify, the landing costs for the next cycle of imports will inevitably climb higher. The state, having chosen to prioritize price stability for this 30-day window, will eventually face the arithmetic reality of the global market.
For the Kenyan consumer, the next month offers a window of relative calm. For policymakers, it is a period of intense monitoring, where every diplomatic development in the Middle East now carries the weight of a potential KES 10 or 20 increase at the pump. Whether this stability can be sustained into the next cycle remains the defining question for the country’s economic outlook this spring.
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