Petrol prices up as Diesel, Kerosene down in review

The Energy Regulatory Commission (ERC) has announced new fuel prices effective August 14^th to September 14^th.

In the announcement, the prices of Super Petrol went up by Ksh 4.06 per liter to trade at Ksh 102.56 in Nairobi, Ksh 99.32 in Mombasa and Ksh 116.46 in Mandera and its environs.

However, the prices of Diesel went down by Ksh 1.21 per liter to trade at Ksh 83.35 in Nairobi, Ksh 80.06 in Mombasa and Ksh 97.16 in Mandera.

The prices of Kerosene also went down significantly with every liter now trading at Ksh 4.76 less. In Nairobi, Kerosene will retail at Ksh 57.98 per liter, Ksh 55.25 in Mombasa while Mandera will register the highest prices at Ksh 71.79 per liter.

According to ERC Director General Joseph Ng’ang’a, the new prices took account of a Ksh 3 increment per liter in the pricing of Super Petrol and Diesel to cover for the enhanced Roads Maintenance Levy announced in this year’s budget.

ERC further says that the average landed cost of imported Super Petrol went up 1.25% from USD 718.97 per ton in June to USD 727.97 in July this year.

On the other hand, the average landed cost of Diesel and Kerosene went down by 8.90% and 11.74% respectively to stand at USD 556.55 per ton for Diesel and USD 546.52 per ton for Kerosene.

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fuel beyond the recommended prices saying that any dealer found inflating the prices risks having their licenses withdrawn and paying a hefty fine.