More Pain at the Pump as Petrol and Diesel Prices Spike

By Soko Directory Team / June 14, 2019



Diesel

Even before the dust of the just announced 2019/2020 budget settles, motorists are in for a rough ride following the hiking of the prices of petrol and diesel in the latest monthly review.

The Energy and Petroleum Regulatory Authority (EPRA) has increased the price of diesel by 0.39 shillings and that of super petrol by 3.07 shillings.

The price of kerosene has been reduced by 0.34 shillings on every liter. The reduction on the price of kerosene is meager and the user might not even feel the impact.

The regulator attributed the changes in prices on the average landed cost of imported super petrol which increased by 4.54 percent from 514.72 US dollars per cubic meter in April to 535.08 US Dollars in May.

The landed cost for diesel increased by 0.52 percent from 533 US dollars per cubic meter to 535.84 US dollars per cubic meter.

The landed cost of kerosene decreased by 0.43 percent from 535.17 US dollars per cubic meter to 532.89 US dollars per cubic meter.



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

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