Energy and Petroleum Regulatory Authority has announced new fuel pump prices for the month of August. Kenyan motorists will pay much less after the prices dropped for the first time in five months.
In the latest review by the Energy and Petroleum Regulatory Authority (EPRA), Super petrol and diesel prices in the country were reduced by Sh2.86 and Sh3.28 per litre respectively.
The price of a litre of petrol in Nairobi to Sh112.53 is at its lowest since mid-May, while that of diesel will be at a five-month low of Sh100.60, kerosene in Nairobi will go for Sh103.95.
In Nakuru, super petrol will retail at Sh113.01, Sh101.30 for diesel and Sh104.65 for kerosene while Mombasa residents will part with Sh109.89 for super petrol, Sh 97.97 for diesel and Sh 101.32 for kerosene.
In Eldoret, residents will purchase super petrol at Sh114.02, diesel at Sh102.30 and kerosene at Sh105.65 while Kisumu residents will pay Sh114.01 for super petrol, Sh102.29 for diesel and Sh105.64 for kerosene per litre.
However, homeowners relying on kerosene will be hit hard as the agency increased its price by Sh1.98.
In its monthly report, EPRA, formerly ERC attributed the decreased prices to the average landed cost of imported super petrol which decreased by 5.64 per cent from USD 528.26 per cubic metre in June 2019 to USD 498.46 per cubic metre in July 2019.
“The cost of imported super petrol decreased by 1.83 per cent from US$538.08 per cubic metre in May 2019 to US$528.26 per cubic metre in June 2019.
“Diesel decreased by 7.11 per cent from USD 519.39 per cubic metre to USD 498.46 per cubic metre while Kerosene increased by 1.88 per cent USD 503.63 per cubic metre to USD 513.10 per cubic metre,” ERPA Director General Robert Oimeke said in a statement.
Featured Image Courtesy: Capitalfm.co.ke