The ERC announced that the price of super petrol will decrease by Sh9.36 a litre across the country for the next one month, while diesel will be Sh2.44 higher. Kerosene will increase by Sh3.49 per litre.
The ERC attributes the drop of super petrol as a consequence of the average landed cost of imported super petrol decreasing by 18.6 percent from US$695.68 per tonne in August 2015 to US$564.47 per tonne in September 2015.
“On the other hand the average landed cost of imported diesel during the period increased by 5.78 percent from US$492.92 per tonne to US$521.43 per tonne. Additionally, the average landed cost of imported kerosene during the same period increased by 6.4 percent,” the commission explained.
In Nairobi, a litre of petrol will retail at Sh93.29 up to November 14, while a litre of diesel will go for Sh82.43 and kerosene will retail at Sh56.04.
In Mombasa, super petrol will sell at Sh89.98 while diesel and kerosene will retail at Sh79.15 and Sh53.32 respectively.
In Nakuru, super petrol will go for Sh94.02, diesel at Sh83.35 and kerosene at Sh56.88 while in Eldoret super petrol will sell at Sh95.17, diesel at Sh84.49 and kerosene at Sh57.91.
In Kisumu, a litre of super petrol will be sold at Sh95.23, diesel will retail at Sh84.56 and kerosene Sh57.91.
“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,” ERC said.
The commission has installed a hotline number 0708-444-000 for people to report any fuel marketing companies that operate above the maximum allowable prices.