14 August 2012

Kenya: Fuel Prices in Further Drop

Photo: Capital FM
Queueing for fuel.

The price of super petrol has dropped by Sh1.98 and will now retail at Sh106.48 in Nairobi for the next one month in new prices announced by the Energy Regulatory Commission (ERC) on Tuesday.

Diesel prices in Nairobi will come down by Sh0.41 while kerosene will cost 41 cents cheaper.

Mandera remains the most expensive town to buy fuel where super petrol will now retail at Sh119. Diesel is to cost Sh109.61 with a litre of kerosene going for Sh86.49.

At the port city of Mombasa, super will retail at Sh103.25, diesel Sh93.87, kerosene Sh71.20 and regular Sh102.92 while in Nakuru super will trade at Sh107.11, diesel Sh97.92, kerosene Sh74.76 and regular Sh106.28.

"The average landed cost of imported super petrol decreased by 5.12 percent from $1,051.31 per tonne in June to $997.52 per tonne. Diesel decreased by 1.45 percent from $947.06 per tonne to $933.35. Kerosene increased by 2.02 percent from $909.92 per tonne to $928.33 between June 2012 and July 2012," explained ERC Director General Kaburu Mwirichia.

The price changes will take effect from August 15 to September 14.

According to the ERC statement, they have observed an upward trend in the price of crude and refined petroleum products in the international market over the last month, which may adversely affect pump prises in subsequent price reviews.

Mwirichia warned petroleum dealers against contravening the recommended retail prices, an offence that can earn an offender a fine of up to a Sh1 million or the withdrawal of their operating license or both.

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