Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Diesel prices in Nairobi will come down by Sh0.41 while kerosene will cost 41 cents cheaper/FILE

Kenya

Fuel prices in further drop

Diesel prices in Nairobi will come down by Sh0.41 while kerosene will cost 41 cents cheaper/FILE

NAIROBI, Kenya, Aug 14 – The price of super petrol has dropped by Sh1.98 and will now retail at Sh106.48 in Nairobi for the next one month in new prices announced by the Energy Regulatory Commission (ERC) on Tuesday.

Diesel prices in Nairobi will come down by Sh0.41 while kerosene will cost 41 cents cheaper.

Mandera remains the most expensive town to buy fuel where super petrol will now retail at Sh119. Diesel is to cost Sh109.61 with a litre of kerosene going for Sh86.49.

At the port city of Mombasa, super will retail at Sh103.25, diesel Sh93.87, kerosene Sh71.20 and regular Sh102.92 while in Nakuru super will trade at Sh107.11, diesel Sh97.92, kerosene Sh74.76 and regular Sh106.28.

“The average landed cost of imported super petrol decreased by 5.12 percent from $1,051.31 per tonne in June to $997.52 per tonne. Diesel decreased by 1.45 percent from $947.06 per tonne to $933.35. Kerosene increased by 2.02 percent from $909.92 per tonne to $928.33 between June 2012 and July 2012,” explained ERC Director General Kaburu Mwirichia.

The price changes will take effect from August 15 to September 14.

According to the ERC statement, they have observed an upward trend in the price of crude and refined petroleum products in the international market over the last month, which may adversely affect pump prises in subsequent price reviews.

Mwirichia warned petroleum dealers against contravening the recommended retail prices, an offence that can earn an offender a fine of up to a Sh1 million or the withdrawal of their operating license or both.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...