30 January 2013

Kenya: National Oil Cuts Diesel Prices Countrywide

The National Oil company today announced a price discount of Sh1 for diesel that came into effect yesterday across all its 102 service stations countrywide.

The discounted price will apply to cash paying customers and holders of SupaCards. Following this reduction, the new pump price for diesel in Nairobi is Sh102.90. This amounts to a total Sh3 drop in the price of the commodity after the Energy Regulatory Commission (ERC) had also brought the price of diesel down from Sh105 in December to Sh103 in January.

In a statement, National Oil's CEO Sunayya Hassan-Athmani said the latest move is part of an ongoing strategy by the company, "... to attain leadership in the downstream marketing of petroleum products including motor and industrial fuels, lubricants and cooking gas."

As part of the strategy, National Oil recently introduced to the market a 3 kilogram cooking gas cylinder dubbed Supa Kadogo.

The economy size cooking unit consisting of a cylinder, gas and burner costs Shs. 2,910.00 at all National Oil service stations, Uchumi Supermarkets and selected distributors across the country.

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