The price of Super Petrol and Diesel has gone down by 5 shillings. That of Kerosene has dropped by 7.28 shillings
Despite the rise in the prices of the crude oil globally, Kenyans have every reason to smile in the next 30 days after Energy Petroleum and Regulatory Authority (EPRA) reduced the price of fuel.
In the latest announcement that will be in place until the 14th of November 2021, a Super Petrol and Diesel has gone down by 5 shillings while that of Kerosene has dropped by 7.28 shillings.
The prices were despite the increase in average landed cost across the three commodities. The average landed cost of Super Petrol increased by 1.71 percent from USD 548.36 per cubic meter to USD 557.74 per cubic meter.
EPRA says the government will utilize the Petroleum Development Levy to cushion consumers from “the otherwise high prices.”
There were concerns that the government of Kenya had no plans of lowering the price of fuel that had led to the skyrocketing of price of common goods.
With the current prices, residents of Mombasa will part with 127.46 shillings for a litre of Super Petrol, 108.36 for a liter of Diesel and 101.29 for a liter of Kerosene.
Those in Nairobi will pay 129.72 shillings for a liter of Super Petrol, 110.60 for a liter of Diesel and 103.54 for a liter of Kerosene.
Those in Nakuru will pay 129.24 shillings for a liter of Super Petrol, 110.43 for a liter of Diesel and 104.27 shillings for a liter of Kerosene.
Residents of Eldoret will pay 130.13 shillings for a liter of Super Petrol, 111.32 shillings for a liter of Diesel and 104.27 shillings for a liter of Kerosene.
Unfortunately for Kenyans who use public means for transport, it has never been in the dictionary of those who operate Matatus to reduce bus fare whenever fuel prices go down.
For Kenyans to fully reap the benefits of low fuel prices in the next 30 days, the government will have to stand firm and ensure that prices of common goods go down.