EPRA fuel prices

Fuel prices have been on a steady rise in recent years, and this has had a significant impact on businesses and consumers alike. The Energy and Petroleum Regulatory Authority (EPRA) is the government agency responsible for regulating fuel prices in Kenya, and they have been under increasing pressure to do something to address the rising costs.

In response to the public outcry, EPRA has announced that they will be reviewing the fuel pricing formula. This is a welcome step, as the current formula has been criticized for being too opaque and not taking into account the real costs of production and distribution.

However, it is important to note that even if the EPRA fuel pricing formula is changed, it is unlikely that the government will be able to reduce fuel prices significantly. This is because the global price of oil is a major factor in determining the price of fuel in Kenya. And the global price of oil is not expected to fall anytime soon.

So, what can businesses and consumers do to cope with the rising fuel prices? Here are a few tips:

Conserve fuel. This can be done by driving less, combining errands, and carpooling.
Shop around for the best fuel prices. There are a number of websites and apps that can help you compare fuel prices in your area.
Consider using public transportation. This can be a more cost-effective way to get around, especially if you live in a major city.
Invest in energy-efficient vehicles. These vehicles can help you save money on fuel costs in the long run.

The rising fuel prices are a challenge, but there are ways to cope. By following these tips, you can help to reduce the impact of the rising fuel prices on your budget.

In addition to the tips above, it is important to remember that the rising fuel prices are a shared problem. We are all in this together, and we can only get through it by working together. Let's all do our part to conserve fuel and reduce our reliance on oil.