Petrol prices rise by Ksh.5.77 as diesel, kerosene costs fall


Petrol prices rise by Ksh.5.77 as diesel, kerosene costs fall

In Summary

  • The rise in petrol prices ends a three-months relief to costs even as kerosene users see their highest relief as prices fall by Ksh.17.31 a litre.
  • A litre of petrol in Nairobi will now retail at Ksh.89.10 from midnight Monday, while diesel and kerosene will sell at Ksh.74.57 and Ksh.62.46 respectively.
  • The latest maximum pump price review may mark the end of relief for fuel users in the country as the global crude oil market recovers from depths of volatility across March and April.

Motorists have registered a mixed bag of fortunes in the movement of fuel costs as petrol rises by Ksh.5.77 a litre while diesel costs fall by Ksh.3.80 in the latest maximum pump price review.

The rise in petrol prices ends a three-month relief to costs even as kerosene users see their highest relief as prices fall by Ksh.17.31 a litre.

The Energy and Petroleum Regulatory Authority (EPRA) has attributed the changes in costs to price changes on imports across May.

“The changes in this month’s prices are as a result of the average landed cost of imported super petrol increasing by 31.54 percent to Ksh.26,434 per cubic centimetre in May 2020, diesel decreasing by 5.58 percent and kerosene decreasing by 51.84 percent,” EPRA said in a statement.

A litre of petrol in Nairobi will now retail at Ksh.89.10 from midnight Monday, while diesel and kerosene will sell at Ksh.74.57 and Ksh.62.46 respectively.

The latest maximum pump price review may mark the end of relief for fuel users in the country as the global crude oil market recovers from depths of volatility across March and April.

The recent tracking of Murban futures and indexes, crude oil prices are set for a rebound having lifted from historical lows across May and so far in the month of June.

A Murban barrel for instance traded at Ksh.4146 ($38.93) on Friday in comparison to Ksh.3478 ($32.66) on May 15.

For Citizen TV updates
Join @citizentvke Telegram channel



Video Of The Day: | BULLDOZERS FOR SANITIZERS | Families remain in the cold after evictions from Kariobangi sewage estate

Avatar
Story By Kepha Muiruri
More by this author