Relief for motorists as fuel prices drop
Motorists will feel relief at the pump after Energy Regulatory Commision of Kenya (EPRA) announced a drop in fuel prices countrywide.
For the next 30 days, the prices of super petrol and diesel will decrease by Sh4.76 and Sh1.08 per litre respectively in whats is expected to significantly ease the cost of living given the commodities knock-on effect on various economy.
However, the price of kerosene increased slightly by Sh0.44 per litre, compared to the previous period.
In Nairobi, motorists will now pay Sh108.5 per litre of petrol and Sh101.96 for diesel.
Following government's efforts to minimize the use of kerosene for cooking the commodity now retails at Sh101.08 per litre in Nairobi, the drastic move was also meant to curb adulteration of other fuels using the commodity.
In Kimwarer Uasin Gishu, petrol will be retailing at sh109.87 per litre, diesel Sh103.97 and kerosene at Sh103.10.
The pump prices which are now inclusive of eight per cent value added tax (VAT) in line with the provisions of the Finance Act 2018 also reflects the revised rates for excise duty adjusted for inflation, as per Legal Notice No. 109 of 9th July 2019.
EPRA said the price changes were on account of average landed cost of imported super petrol decreasing by 7.66 per cent between August and September 2019.
During that period of purchase, the shilling also depreciated by 0.34 per cent from Sh103.44 per dollar to Sh103.79 per dollar in September 2019.
Taking into account the weighted average cost of imported refined petroleum products, EPRA then reduced the maximum allowed petroleum pump prices across the country, compared to the previous period.
"The changes in the maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol and Diesel decrease by Sh4.76 per litre and Sh1.08 per litre respectively," said EPRA in a statement.
Last month the authority announced an increase in the cost of super petrol and diesel prices by Sh0.28 per litre and Sh2.44 per litre respectively. Kerosene users, however, breathed a sigh of relief as prices decreased by Sh3.31 per litre.
