The overburdened Kenyans have a reason to smile after the Energy Regulatory Commission announced a sharp drop in fuel prices beginning midnight.
The price of super petrol will drop by Sh9.33, diesel by Sh10.04 and kerosene by Sh3.52 a litre.
ERC attributed the huge drop to the average landed cost of imported petrol that reduced by 14.87 per cent, diesel by 14.71 and kerosene by 8.62 per cent.
"The prices are inclusive of the Value Added Tax at 8 per cent in line with the provisions of the Finance Act 2018," said ERC.
This means that in Nairobi, a litre of super petrol will retail at Sh104.21, diesel Sh102.24 and kerosene Sh101.7 for the next one month.
In Mombasa, a litre of petrol will sell at Sh101.6, diesel Sh99.63 and kerosene Sh99.09.
In Kisumu, a litre of petrol will retail at Sh105.73, diesel Sh103.94 and Sh103.4.
ERC will review the fuel prices next on February 14.
Read the original article on Nairobi News.
AllAfrica publishes around 600 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.
AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 news and information items daily from over 150 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Monrovia, Nairobi and Washington DC.