, NAIROBI, Kenya, Nov 14 – The price of fuel will drop significantly until mid December, as the Energy Regulatory Commission on Friday reduced the maximum allowable price of diesel, kerosene and super petrol.
The ERC announced that the price of diesel would drop by Sh6.15 a litre across the country for the next month, while kerosene would be Sh4.57 cheaper. Super petrol will drop by Sh4.09 per litre.
The regulator’s Director General Joseph Ng’ang’a attributed the drop to the reduction of the average landed cost of imported diesel, kerosene and super petrol.
“The average landed cost of imported diesel decreased by 11.33 percent from US$891.59 per tonne in September 2014 to US$790.61 per tonne in October 2014,” Ng’ang’a said in a statement that also tabulated drops in the landed cost of petrol and kerosene.
In Nairobi the new price of diesel will be Sh94.52 per litre, super petrol will retail at Sh106. 80 a litre while kerosene will sell at Sh76.31 a litre.
Fuel prices are cheapest in the coastal city of Mombasa where a litre of super petrol will sell at Sh103.46, diesel will retail at Sh91.20 and kerosene at Sh73.54.
Mandera, which is 1,178 kilometres from Mombasa will have the priciest fuel at Sh120.61 a litre of petrol, Sh108.33 for a litre of diesel and Sh90.90.
“The purpose of the fuel pricing regulations is to cap the pump prices of the products which are already in the country, such that the importation and other prudently incurred costs are recovered, while ensuring reasonable prices to consumers,” said the ERC director.
The commission has installed a hotline number 0708 444 000 for people to alert of any fuel marketing companies that operate above the maximum allowable prices.
The prices are effective from midnight Friday to December 14.