14 March 2016

Kenya: Fuel Pump Prices Continue to Drop

Nairobi — The Energy Regulatory Commission (ERC) has slightly reduced fuel pump prices in its latest review to be applied for the next one month.

A litre of super petrol has gone down by 92 cents to retail at Sh85.58 per litre in Nairobi, diesel by Sh2.18 to Sh65.70 while kerosene dropped by Sh2.53 to Sh42.15 per litre.

The marginal decline has been attributed to improved import costs in the month to February compared to January. The drop has also been due to the lower prices in the international market.

"Taking into account of the weighted average cost of imported refined petroleum products, the changes in the maximum allowed pump prices are as follows; Super petrol reduces Sh0.92 per litre, diesel reduces by Sh2.18 and Kerosene by Ash 2.53 per litre," ERC Director General Joseph Ng'ang'a said in a statement on Monday.

"There has been a resurgence in the price of crude oil in the international market, with the price currently at $40 per barrel. This will influence future pricing of petroleum products locally," Ng'ang'a said.

During the review in February fuel prices reduced significantly where diesel went down by Sh8.82 per litre, super petrol by Sh2.14 per litre and kerosene by Sh6.51.

In Mombasa, a litre of super petrol will sell at Sh82.28, diesel Sh62.46 and kerosene at Sh39.46 for the next one month.

Mandera motorists continue to buy fuel at the highest cost at Sh99.38 per litre of super petrol, Sh79.95 for diesel while kerosene will be retailing at Sh50.40 per litre.

Nakuru motorists will buy a litre of super petrol at Sh86.34, diesel t Sh66.67 and kerosene at Sh43.04 while in Eldoret, super petrol will retail at Sh87.49 per litre, diesel Sh67.81 and kerosene at Sh44.07.

In Kisumu, a litre of super petrol will sell at Sh87.55, diesel at Sh67.88 and Sh44.06 for a litre of kerosene.

"The commission wishes to assure the general public of continued commitment to the observance of fair competition and protection of the interest of both consumers and investors in the energy sector."


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