Super petrol price drops by Sh1, diesel, kerosene go up
The Energy Regulatory Commission (ERC) has handed motorists a slight relief after reducing the price of Super petrol by Sh1.06 a litre.
In the latest review, announced on Sunday, the price of diesel has increased by Sh1.60 a litre while that of kerosene has also increased by 43 cents.
A litre of Super petrol will now retail at Sh115.73 in Nairobi for the next one month starting Sunday midnight. Diesel will retail at Sh109.72 while kerosene will sell at Sh108.84.
ERC Director General Pavel Oimeke has attributed the reviewed prices to the cost of the average landed cost of imported products this month and the depreciation of the US Dollar to the Kenya Shillings.
“The changes in this month’s prices have been as a consequence of the average landed cost of the imported Super Petrol decreasing by 1.99% from US$743.85 per ton in August 2018 to US$ 729.04 per ton in September 2018,” Oimeke said in a statement.
Last month, the ERC lowered fuel prices following the revision of the VAT on petroleum products from 16 per cent to eight per cent.