The Energy Regulatory Commission (ERC) announced a review of the new petroleum products prices that saw super petrol prices reduce by a mere 1.06 shillings.
Consumers, however, will pay more for diesel and kerosene that were increased by 2.11 and 0.6 percent respectively.
In the latest price capping, customers in Nairobi will now pay 115.73 shillings for every liter of petrol, 109.72 for diesel, and 108.84 shillings for a liter of kerosene.
The price of super petrol in Mombasa will retail at 113.10 shillings a liter, diesel at 107.10 and kerosene at 106.21 shillings.
In Eldoret, consumers will pay 117.20 for a liter of petrol, 111.40 shillings per liter for diesel and 110.51 shillings for kerosene. On the other hand, Kisumu residents will pay 117.10 shillings for petrol, and 111.40 and 110.51 shillings for a liter of diesel and kerosene respectively.
The 8 percent value-added tax (VAT) as stated by the Finance Act 2018 is included in the new prices. It also took into account the weighted average cost of imported refined petroleum products.
According to Robert Oimeke, the Director General of ERC, the price changes follow the average landed cost of imported Super Petrol that decreased by 1.99 percent to 73,522.23 shillings per ton in September from 75,015.78 shillings for the same capacity in August 2018.
Nevertheless, these prices are bound to increase in the coming months due to the cost of crude oil hitting a four-year high in the past several weeks at more than 8,400 shillings. Projections depict that by the end of the year the figure will go up by 10,000 shillings.
Meanwhile, the treasury is planning to reap 17.5 billion shillings from the new tax on pump prices and 9.8 billion shillings from the “kerosene adulteration” tax.