The Energy and Regulatory Commission has reduced the price of petrol for the October 14th to November 14th period, giving motorists the much needed relief after paying over Ksh100 per litre of petrol for the past three months. (See prices for selected towns at the end of the story)
Super petrol’s price per litre has decreased by up to Ksh. 9.36, but kerosene and diesel went up by Ksh3.49 and Ksh 2.44 respectively, which will hurt mostly the poor segment of the population that uses kerosine for lighting and cooking. Fares for public transport are likely to go up as PSV owners factor in the extra cost of diesel.
ERC said the drop in petrol was caused by a fall in the cost of imported super petrol by 18.86% per tonne in August 2015. The ERC said the average landed cost of imported diesel during the period increased by 5.7% to$ 521.43 per ton while that of imported kerosene went up by 6.43% thus the increase in new prices per litre.
“The average landed cost of imported Kerosene during the August period increased by 6.43% from $474.35 per ton to US$ 504.86 per ton,” said ERC Director General Joseph Ng’ang’a.
The new prices take effect immediately and petroleum marketing companies and dealers have been cautioned against selling above the new prices. “Petroleum companies and dealers are reminded that it is an offence to sell petroleum products above the maximum prices published by the Commission,” said. “Any parties that contravenes this requirement is liable to a fine of up to one million shillings.”
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