Kenya Keeps Fuel Prices Stable as Ghana Rises and Nigeria’s Dangote Refineries Shape Regional Markets

Kenya’s Energy and Petroleum Regulatory Authority (EPRA) announced on 14 July that retail prices for Super Petrol (Ksh 214.03 / L), Diesel (Ksh 222.86 / L) and Kerosene (Ksh 191.38 / L) will remain unchanged through 14 August 2026, backed by an extended 8 % VAT reduction and a Ksh 945 million subsidy.

In Ghana, the National Petroleum Authority raised the price‑floor benchmarks for the July pricing window: petrol to GH¢13.28 / L, diesel to GH¢14.35 / L and LPG to GH¢10.19 / kg, reflecting higher international crude prices and a modest cedi depreciation. The Chamber of Petroleum Consumers projects further marginal pump‑price hikes from 16 July.

Malaysia’s regulator confirmed a modest increase for unsubsidised RON95 (RM 3.42 / L) and diesel (RM 4.07 / L) for the 16‑22 July period, citing ongoing uncertainty around the Strait of Hormuz.

Nigeria’s Dangote Petroleum Refinery continues to anchor domestic fuel prices despite rising global gasoline costs and freight rates. S&P Global notes the refinery’s dollar‑based pricing and recent cuts to PMS, AGO and Jet A1 have limited the ability of importers to pass higher international costs to consumers. In June, the refinery exported a record 466,000 tonnes of jet fuel to Europe, surpassing the United States.

Collectively, these developments illustrate how governments and large refiners in East Africa and West Africa are using subsidies, tax adjustments and strategic pricing to shield consumers from volatile global oil markets.