Nairobi News

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Christmas comes early for motorists as fuel prices drop

Christmas has come early for motorists with the reduced prices of petrol and diesel by Sh4.57 and Sh0.55 per litre respectively.

The Energy Regulatory Commission (ERC), in its December price review, announced that motorists in Nairobi will pay Sh113.54 for a litre of super petrol and Sh112.28 for diesel.

Kerosene that is used in low income households has also been reduced by Sh6.61 to retail at Sh105.22 per litre.

“The changes in this month’s prices have been as a consequence of the average landed cost of imported super petrol decreasing by 8.46 percent from $758.34 per in October 2018 to $ 694.18 per ton in November 2018,” ERC director-general Pavel Oimeke said in a statement on Friday.

“The free on board (FOB) price of Murban crude oil in November was posted at US$68 per barrel, a decrease of 17 percent from US$82.30 per barrel in October,” ERC added.