ERC Further Slashes Fuel Prices⛽

  |   Kenya News

Oil prices have dropped yet again in this month's review, with super petrol, diesel and kerosene shading off Sh4.12, Sh6.28 and Sh5.20 respectively.

In last month's review, the Energy Regulatory Commission reduced pump prices by Sh9.33, Sh10.04 and Sh3.53 per litre respectively.

This means in the past two months, pump prices have dropped by Sh13.50 for super petrol, Sh16.32 for diesel and Sh8.73 for kerosene.

In the latest review, a litre of petrol will now retail at Sh100.09 in Nairobi down from Sh104.21.

A litre of diesel will cost Sh95.96 down from Sh102.24 while kerosene will retail at Sh96.50 down from Sh101.70.

The changes in this month's prices are as a consequence of the average landed cost of imported super petrol decreasing by 7.23 per cent from US$ 950.92 per ton in December 2018 to US$ 548.20 per ton in January 2019," ERC director general Pavel Oimeke said in a statement.

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