Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


ERC cuts maximum retail prices of fuel

15 December 2014, 09:17

Nairobi -  Energy Regulatory Commission cut the maximum retail prices of petroleum products on Sunday saying the cost of importing refined products had fallen.

Since 2010, every month the nation has set a cap on prices of petrol, diesel and kerosene, to protect consumers from unfairly high prices.

But the system has angered consumers in recent months as local prices have failed to reflect the slump in the price of crude oil in global markets.

Read Also: ERS cuts fuel pump prices after import costs fall

The ERC reduced the maximum price of a litre of petrol in Nairobi by 4.5 percent to 102.01 shillings ($1), but still far higher than the 70-80 shillings it retailed at in 2009, when the price of crude was at around the current levels.

The commission also reduced the price of a litre of diesel by 3.67 shillings to 90.85 shillings and that of kerosene by 4.94 shillings to 71.37 shillings.

Joseph Ng'ang'a, the director general of the ERC, said the weakening of the Kenyan shilling against the dollar had curbed the commission's ability to cut prices more.

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!

- Reuters


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Wilwon Ochieng
Deputy Governor's ally found with...

The EACC has recovered KES 2 million in fake currency from a close ally of Deputy Governor for Tharaka Nithi Eliud Mati. Read more...

Submitted by
William Korir
Mudavadi given permission to join...

Musalia Mudavadi has been ghranted permission by his party to join the CORD Coalition. Read more...

Submitted by
Victor Tinto
EACC officers raid Deputy Governo...

EACC officers raided the home of a Deputy Governor as theft case continues in court. Read more...

Submitted by
Wilson Ochieng
New IEBC bosses to be named Novem...

New IEBC bosses will be named on November 30. Read more...

Submitted by
William Korir
DP Ruto has spoilt my name, activ...

DP William Ruto has spoilt my name, activist complains. Read more...

Submitted by
Wilson Ochieng
Apologise for attack on Auditor G...

Apologise for attack on Auditor General, President Uhuru Kenyatta is told by Kisumu Senator Anyang Nyong'o. Read more...