Retail Pump Prices Drop by KES 3 from Today

The Energy Regulatory Commission (ERC) has reduced fuel prices across the country.  Prices for super petrol, diesel and kerosene will see significant price drops throughout the country from today. This follows last month’s easing of crude oil prices, a development that will save motorists about Sh870 million in the next one month.

This follows the latest monthly price review by ERC Super petrol dropped the most month-on-month by Sh3.74, followed by kerosene at Sh3.38 and diesel at Sh2.05, the regulator said citing reduced cost of petroleum imports and a stable shilling to the dollar.

Petrol, largely used to fuel personal cars, has dropped to Sh91.39 a litre in Nairobi, Sh87.99 in Mombasa and Sh93.42 in Kisumu. The pump prices remain highest in areas farthest from the Port of Mombasa, with a litre in Mandera and Lokichogio, for example, retailing at Sh105.20 and Sh101.23, respectively.

A litre of diesel, used in running of machines in transportation, farming and manufacturing, has reduced to Sh82.46 in Nairobi, while Mombasa and Kisumu residents will pay Sh79.08 and Sh84.65 respectively.

On the other hand, kerosene will now be bought at Sh59.10, Sh56.27 and Sh61.06 a litre in Nairobi, Mombasa and Kisumu, respectively.

A litre of refined petrol cost Sh37.18 at the port, but rose to Sh91.39 in Nairobi. This is mainly due to fixed Sh38.92 in taxes and levies, Sh10.89 margin for marketers and, Sh4.40 in distribution and storage costs, ERC said.

Kenya is a net importer of petroleum where prices have been rising since May in tandem with rising global crude prices and the Sh6 increment in the road maintenance levy that came into force in July.

Kenyans consume an average of 125 million litres of petrol monthly while diesel consumption stands at an average of 200 million litres per month thus price drop is going to save consumers a total of Sh877.5 in a month.