Petrol price down as those of Diesel, Kerosene go up after months of decrease

Petrol price down as those of Diesel, Kerosene go up after months of decrease

The Energy Regulatory Commission (ERC) has announced a drop in the price of Super Petrol while that of Diesel and Kerosene have gone up in the monthly fuel prices review.

The cost of Super Petrol has reduced by Ksh 4.87 per litre, while the cost of Diesel has increased by Ksh 0.53 per litre and the cost of Kerosene has gone up by Ksh 1.81 per litre.

Retail pump prices for Nairobi will be; Super Petrol at Ksh 80.71, Diesel at Ksh 66.23 and Kerosene at Ksh 43.96 per litre.

Retail pump prices for Mombasa will be; Super Petrol at Ksh 77.43, Diesel at Ksh 62.98 and Kerosene at Ksh 41.27 per litre.

Retail pump prices for Kisumu will be; Super Petrol at Ksh 82.71, Diesel at Ksh 68.40 and Kerosene at Ksh 45.86 per litre.

Retail pump prices for Eldoret will be; Super Petrol at Ksh 82.65, Diesel at Ksh 68.34 and Kerosene at Ksh 45.87 per litre.

The average landed cost of imported Super Petrol decreased 11.90% from US$ 473.84 per ton in February 2016 to US$ 417.46 per ton in March 2016.

However, the average landed cost of imported Diesel during the period increased by 3.74% from US$ 311.11 per ton to US$ 322.76 per ton.

In addition, the average landed cost of imported Kerosene increased by 7.47% from US$ 352.92 per ton to US$ 379.28 per ton.

The Free On Board (FOB) price of Murban crude oil lifted in March 2016 was posted at US$ 38.20 per barrel, an increase of 15.76% from US$ 33.00 per barrel in February 2016.

Over the same period, the mean monthly US Dollar to Kenya Shilling exchange rate appreciated by 0.32% from Ksh 101.81 per US$ in February 2016 to Ksh 101.48 per US$ in March 2016.

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fuel beyond the recommended prices saying that any dealer found inflating the prices risks having their licenses withdrawn and paying a hefty fine.

Tags:

diesel kerosene petrol kenya ERC Energy Regulatory Commission Pump prices

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