Ease for Kenyans as fuel prices decrease in latest review

0
206
EPRA has announced an increase in the price of Super Petrol, reduction in Diesel cost

The prices of Diesel, Super Petrol, and Kerosene have decreased in the latest Energy and Petroleum Regulatory Authority (EPRA) review, in a move that comes as a relief for Kenyans, especially during this busy festive period. The prices of Super Petrol, Diesel and Kerosene have reduced by Kshs 1.09, Kshs 2.83 and Kshs 1.75 per litre respectively. The prices are effective from 15th December this year to 14th January 2020.

Super Petrol will now retail at Ksh 109.50, Diesel at Kshs 101.78 and Kerosene at Kshs 102.31 per litre in Nairobi. EPRA has said that the price changes are as a result of the landing cost of imported Super Petrol decreasing from US$ 463.24 per cubic metre in October to US$ 460.83 per cubic metre in November. The landing cost of Diesel decreased from US$ 502.15 per cubic metre to US$ 485.29 per cubic metre while Kerosene had a 3.75% decrease from US$ 499.55 per cubic metre to US$ 481.11 per cubic metre.

“Over the same period the mean monthly US Dollar to Kenya Shilling exchange rate appreciated by 1.30% from Kshs 103.55 per US$ in October 2019 to Kshs 102.20 per US$ in November 2019,” read part of the EPRA statement.