Overall drop in fuel prices in latest review

October 14, 2014
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The ERC says the cost of super petrol has dropped by 75 cents and will now retail at 110.89 shillings in Nairobi starting midnight tonight/FILE
The ERC says the cost of super petrol has dropped by 75 cents and will now retail at 110.89 shillings in Nairobi starting midnight tonight/FILE
NAIROBI, Kenya, Oct 14 – The Energy Regulatory Commission (ERC) has announced an overall decrease in the price of fuel across the country for the month of October.

The ERC Director General Joe Ng’ang’a says the decrease is as a result of reduction in international prices of refined petroleum products as well as reduced demurrage costs.

The cost of super petrol has dropped by Sh0.75 and will now retail at Sh110.89 in Nairobi starting midnight Tuesday while diesel in the capital city has registered the largest drop of Sh1.69 and will now sell at Sh100.67.

Kerosene has registered a marginal drop of Sh0.75 and will retail at Sh80.88.

“Average landed cost of diesel decreased by 2.91 percent from US$918.30 per ton in August 2014 to US$891.59 per ton in September 2014, the average landed cost of super petrol decreased by 2.25 percent from US$1,001.64 per ton in August 2014 to US$979.08 per ton in September 2014, while the average landed cost of kerosene decreased by 192 percent from US$956.53 per ton in August 2014 to US$938.15 per ton in September 2014,” Ng’ang’a said.

In Mombasa a litre of super petrol will retail at Sh107.54, diesel at Sh97.34 and kerosene will sell at Sh78.10 while in Nakuru a litre of super petrol will retail at Sh111.54, a litre of diesel at Sh101.53 while that of kerosene will cost Sh81.66.

In Kisumu, a litre of super petrol will retail at Sh112.75, diesel at Sh102.74 with kerosene at Sh82.68 while in Eldoret a litre of super petrol will sell at Sh112.68, diesel at Sh102.68 and kerosene at Sh82.69.

Ng’ang’a says prices compared to the same period last year are lower by Sh4.12 for kerosene, Sh3.80 for diesel and Sh1.37 for super petrol.

“We have also noted a positive trend in reduced demurrage cost following introduction of new licensing criteria and the closure of the refinery. the total cost of demurrage from January 2014 to date is Sh413 million translating to about Sh0.16 per litre as compared to Sh815 million same time last year this reduction is equivalent to 49 percent,” he said.

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