Christmas present for Kenyans as fuel prices drop
15 December 2015, 08:23
Nairobi - Fuel pump prices have gone down for the third month consecutively despite an increase in fuel levies by KES 3 per litre.
Super Petrol prices have gone down by KES 0.40 per liter while Diesel goes down by KES 1.15 per liter, Kerosene down by KES 1.54 per litre.
According to the Energy Regulatory Commission (ERC), the review, which takes effect from December 14 to January 14th, 2016, indicated the new prices with Super Petrol expected to retail at KES 90.06, Diesel to retail KES 78.51 per litre while Kerosene will sell at KES 53.27 per litre in Nairobi.
The reduction of the prices are as a result of the average landing cost of imported Super Petrol which decreased by 0.88%
ERC Director General Joseph Ng’ang’a says that the new prices are a consequence of the average landed cost of imported Super Petrol decreasing by 0.88% from 546.85 dollars per ton in October 2015 to 542.02 dollars per ton in November 2015.
On the other hand, the average landed cost of imported Diesel during the period decreased by 6.19% from 506.93 dollars per ton to 475.53 dollars per ton. In addition, the average landed cost of imported Kerosene decreased by 4.93% from 510.88 dollars per ton to 485.70 dollars per ton.
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