Fuel prices slide further in new ERC rates

Super Petrol prices have gone down for the fifth consecutive month by Ksh2.14 per litre.

The prices as announced by the Energy Regulatory Commission (ERC) will see the price of diesel also go down by Ksh8.82 per litre and Kerosene Ksh6.51 per litre.

According to the review, the new prices – which take effect from February 15th to March 14th, 2016, Super Petrol will retail at Ksh86.50 in Nairobi, while diesel will retail at Ksh67.88 per litre in the city and its environs.

Kerosene will now trade at Ksh39.62 per litre in Nairobi.

The fuel prices will take effect across the country as follows:

Retail pump prices for Mombasa will be; Super Petrol at Ksh83.20, Diesel at Ksh64.63 and Kerosene at Ksh36.94 per litre.

Retail pump prices for Kisumu will be; Super Petrol at Ksh 88.47, Diesel at Ksh 70.05 and Kerosene at Ksh 41.54 per litre.

Retail pump prices for Eldoret will be; Super Petrol at Ksh88.41, Diesel atKsh 69.98 and Kerosene at Ksh41.54 per litre.

Retail pump prices for Nakuru will be; Super Petrol at Ksh87.26, Diesel at Ksh68.84 and Kerosene at Ksh40.51 per litre.

According to ERC Director General Joseph Ng’ang’a, the new prices are as a result of the average landed cost of imported Super Petrol decreasing by 4.22 per cent from USD 518.63 per tonne in December 2015 to USD 496.74 per tonne in January 2015.

Further, the average landed cost of imported Diesel during the period decreased by 21.80 per cent from USD439.25 per tonne in December to USD343.49 per tonne in January.

The average landed cost of imported Kerosene during the same period decreased by 20.23 per cent from USD402.87  per tonne to USD321.37 per tonne.

ERC has warned oil traders against selling fuel beyond the recommended prices saying that any dealer found inflating the prices risks having their licenses withdrawn and paying a hefty fine.