Price of petrol to increase Friday
14 August 2014, 16:40
Nairobi - The Energy Regulatory Commission (ERC) has announced the
increase in the pump price of petrol as well as the reduction in the price of
diesel and kerosene.
The prices take effect on Friday.
According to Dr Frederick Nyang, the Acting Chief
Executive Officer of ERC, the purpose of the fuel pricing regulations is to cap
the pump prices of the products, which are already in the country, such that
the importation and other prudently incurred costs were covered while ensuring
fair prices to the consumers.
“As always the oil
marketing companies are encouraged to compete below maximum prices,” said
Diesel pump prices have been reduced by KES 1,69 per litre
while kerosene pump price has reduced by Sh1,07.
Petrol on the other hand has increased by KES 0, 76 per
Nyang stated that the average landed cost of imported
diesel decreased by
2,06 percent from US$944, 87 per tonne in June 2014 to
US$925,40 in July 2014.
Over the same period, the average landed cost of imported
kerosene decreased by 1,92 percent from US$1,010 per tonne in June 2014 to
US$990,75 per tonne in July 2014 while the average landed
cost of imported super petrol increased by 1,67 percent from US$1,059 per tonne
2014 to US$1,076
per tonne in July 2014.
– CAJ News
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