Frustration for Kenyans as petrol prices fail to drop
14 September 2015, 18:43
Nairobi - Petrol prices failed to drop for the month of September, the Energy Regulatory Commision ERC said, to disbelief from angry Kenyans.
However, prices of Diesel and Kerosene have gone down in the monthly review.
Diesel went down by KES 3.36 per litre to trade at KES 79.99 in Nairobi while Kerosene went down by KES 5.43 to retail at KES 52.55 per litre in Nairobi.
Super Petrol remains unchanged at KES 102.65 per litre. The new prices are effective midnight September 14 until the next review on October 14.
ERC Director General Joseph Ng’ang’a said Monday that the new prices took account of the 1.80% depreciation rate of the shilling against the dollar.
" The average landed cost of imported Super Petrol went down by 4.44% from USD 727.97 in July to USD 695.68 in August this year. Average landed cost of Diesel and Kerosene went down by 11.43% and 13.21% respectively to stand at USD 492.95 per ton for Diesel and USD 474.35 per ton for Kerosene," he said.
Kenyans though were not happy with the move, with Consumers Federation of Kenya COFEK saying that the move to not have petrol drop will affect Kenyans living in an already tough period.
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!
Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.