Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
In the latest review by the Energy Regulation Commission the price of a litre of diesel will sell at Sh102.36 while kerosene will retail at Sh81.63 after being reduced by 62 cents/FILE

Kenya

Relief for motorists as pump prices drop

In the latest review by the Energy Regulation Commission the price of a litre of diesel will sell at Sh102.36 while kerosene will retail at Sh81.63 after being reduced by 62 cents/FILE

In the latest review by the Energy Regulation Commission the price of a litre of diesel will sell at Sh102.36 while kerosene will retail at Sh81.63 after being reduced by 62 cents/FILE

NAIROBI, Kenya, Sept 14 – The cost of a litre of super petrol has been reduced by Sh4.98 in Nairobi and will now retail at Sh111.64.

In the latest review by the Energy Regulation Commission a litre of diesel will sell at Sh102.36 while kerosene will retail at Sh81.63 after being reduced by 62 cents.

The commission has attributed the reduction in the pump prices to decrease in the cost of imported refined petroleum products in the month of August.

“The purpose of the fuel pricing regulations is to cap the pump process of the products which are already in the country, such that the importation and other prudently incurred costs recovered while ensuring reasonable prices to consumers,” ERC Director General Joseph Ng’ang’a said.

In Mombasa super petrol will sell at Sh108.28, diesel at Sh99.03 and kerosene at Sh78.84, while in Nakuru super petrol will retail at Sh112.28, diesel at Sh103.22 and kerosene at Sh82.40.

Despite the decline Mandera prices remain high, with super petrol retailing at Sh125.28, diesel at Sh116.17 and kerosene at Sh95.44.

In Kisumu, motorists will buy a litre of super petrol at Sh113.49, diesel at Sh104.43 and kerosene at Sh83.42 while in Eldoret super petrol, diesel and kerosene will sell at Sh113.42, Sh104.37 and Sh83.43 respectively.

“Petroleum marketing companies and dealers are reminded that it is an offence to sell petroleum products above the maximum prices published by the commission,” Ng’ang’a emphasised.

“The commission wishes to assure the general public of its continued commitment to the observance of fair competition and protection of the interest of both consumers and investors in the energy sector. In this respect consumers are requested to be vigilant in reporting non-compliant retailers to the authorities for necessary legal action.”

Advertisement. Scroll to continue reading.
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...