Fuel Prices Up in Latest ERC Review with the Common Man Still on the Receiving End

By Soko Directory Team / March 15, 2019



Petrol

Motorists who have been enjoying low fuel prices in the past one month will have to feel a little heat in the next month after the prices went slightly up in the latest Energy Regulatory Commission (ERC) review.

In the latest review, a liter of super petrol has gone up by 1.26 shillings, diesel by 65 cents and kerosene by 2.96 shillings though still lower than what was recorded in January.

Those in Nairobi will pay 101.35 shillings for a liter of super petrol, 96.61 shillings for a liter of diesel and 99.46 shillings for a liter of kerosene.

Before the latest review, fuel consumers have been paying 100.09 shillings for a liter of super petrol, 95.96 shillings for a liter of diesel and 96.50 shillings for a liter of kerosene after reducing by 4.12, 6.28 and 5.20 shillings respectively.

The latest increase has been attributed to the slight increase in the landed cost of diesel which went up by 2.79 percent from 546.42 US dollars in January to 561.64 US dollars per ton in February.

The landed cost of kerosene spiked by 9.16 percent to 650.29 US dollars from 595.64 US dollars in comparison to January while the landed cost of super petrol went up by 3.71 percent from 548.20 US dollars per ton to 568.55 US dollars per ton.

No Positive Impact on Kenyans

Majority of Kenyans rarely feel the positive impact of the oscillating fuel prices. Millions of Kenyans who use public transport on a daily basis, often expect transport costs to come down every time fuel prices are reduced. This has never been the case.

Prices of basic commodities such as maize flour should be priced depending on the prices of fuel but this has never reflected in the event fuel prices go down. Every time fuel prices go down, it cuts down across all sectors including the manufacturing sector where the cost of production is reduced.



About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

View other posts by Soko Directory Team


More Articles From This Author








Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE

ARCHIVES

2019
  • January 2019 (256)
  • February 2019 (216)
  • March 2019 (214)
  • 2018
  • January 2018 (291)
  • February 2018 (220)
  • March 2018 (279)
  • April 2018 (226)
  • May 2018 (240)
  • June 2018 (178)
  • July 2018 (257)
  • August 2018 (250)
  • September 2018 (256)
  • October 2018 (287)
  • November 2018 (286)
  • December 2018 (187)
  • 2017
  • January 2017 (183)
  • February 2017 (195)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (206)
  • July 2017 (190)
  • August 2017 (196)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (167)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (246)
  • June 2016 (183)
  • July 2016 (271)
  • August 2016 (250)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (109)
  • May 2015 (117)
  • June 2015 (121)
  • July 2015 (150)
  • August 2015 (157)
  • September 2015 (189)
  • October 2015 (171)
  • November 2015 (174)
  • December 2015 (208)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950