Fuel Prices: Relief for city motorists as price of petrol drops
City motorists can now breathe easy after the price of petrol was reduced by sh4.87.
In the latest price review announced by the Energy Regulatory Commission on Thursday, it is only the price of petrol that will drop.
Pump prices of both diesel and kerosene prices were revised upwards.
The price of diesel increased by sh0.53, while that of kerosene went up by sh1.81.
In Nairobi, a litre of petrol will now be sold at sh80.71, diesel at sh66.23 and kerosene at sh43.96.
The new prices take effect from Thursday midnight.
“The average landed cost of imported Super Petrol decreased 11.90% from US$ 473.84 per ton in February 2016 to US$ 417.46 per ton in March 2016.
“However, the average landed cost of imported Diesel during the period increased by 3.74% from US$ 311.11 per ton to US$ 322.76 per ton. In addition, the average landed cost of imported Kerosene increased by 7.47% from US$ 352.92 per ton to US$ 379.28 per ton,” explained the commission in a statement.
The move comes barely a month after the commission named petrol stations that are selling adulterated fuel.
The commission named 56 stations, among them three in Nairobi, and stated that it had taken action against the culpable stations.
