Fuel just got cheaper at National Oil stations

The discounted prices are available to cash and SupaCard customers/FILE

NAIROBI, Kenya, May 21 – National Oil has lowered its pump prices offering a Sh2 per litre discount on super petrol to retail at Sh119.10.

With the discount, diesel goes down by Sh1 to sell at Sh107. 40 in Nairobi.

Prices for other towns have been adjusted accordingly.

The discounted prices are available to cash and SupaCard customers at all 85 National Oil service stations countrywide.

The price reduction comes just a week after the Energy Regulatory Commission (ERC) raised fuel prices by Sh2.63 to Sh121.13 cents for super petrol.

This latest reduced price offering is part of the ongoing strategic efforts by National Oil to become a market leader in petroleum products.

Super petrol shot up by a massive Sh7 in April, which the ERC pegged on rising global oil prices.

Recently, global oil prices have been dropping due to tensions over Iran’s nuclear program easing, since April’s meeting between Iran and the US, Britain, France, Russia, China and Germany.

However the upcoming talks over the Islamic Republic’s nuclear challenge in Baghdad later this month between the global powers, have already affected oil prices.

Benchmark oil for June delivery was up 43 cents to $91.90 a barrel in electronic trading on the New York Mercantile Exchange.

Victoria Rubadiri

Victoria Rubadiri

Victoria is a graduate of Temple University in Philadelphia, Pennsylvania with a bachelor’s degree in broadcast journalism. She has experience working as a freelance PR consultant in New Jersey and New York, as well as broadcast media at WMGM NBC 40 television station in Linwood, New Jersey. Her interests are in youth issues; mentoring teens both in the US and Kenya, for the past three years.

  • Kirigwimwangi

    sometimes I am puzzled by ERC..how do they come up with prices and yet we are seeing oil companies giving handsome discounts on their products..Are The prices given by ERC the best ever???Can they push them lower than they do.

  • mtetezi

    The current formula being used by ERC must have a constant (k) that is related to the coming elections. Why would KNOC reduce the prices by Kshs. and remain in business. There is something the government is not telling us…..