NAIROBI, Kenya, May 14 – The Energy Regulatory Commission has increased the prices of super petrol and kerosene but decreased the price of diesel, in its latest fuel prices review which will be used in the next one month.
As such, the price of super Petrol has gone up by Sh1.59 to reach Sh99.59. On the other hand, the price of diesel has decreased by Sh0.57 to Sh88.05. Kerosene has gone up by Sh0.90 to hit Sh65.28 per litre.
ERC has attributed the changes in super petrol to the increase in the average landed cost of the imported commodity which went up by 0.94 percent to US$568.92 per ton in April 2017.
At the same time, diesel’s price decrease is a consequence of the average landed cost of imported diesel decreasing by 2.20 percent to US$493.72 per ton.
In Mombasa, a litre of Super petrol will be Sh96.32, diesel Sh84.79 and Kerosene Sh62.52 for the next one month.
Nakuru motorists will pay Sh100.32 for Super Petrol, Sh88.98 for diesel and Sh66.15 for kerosene per litre.
Those in Eldoret will part with Sh101.50 per litre of Super Petrol, Sh90.16 for diesel and Sh67.22 for kerosene.
Kisumu motorists on the other hand will part with Sh101.57 per litre for super petrol, Sh90.23 for diesel and Sh67.22 for kerosene.
Other factors that affected the changes include the depreciation in the mean monthly US Dollar to Kenya Shilling exchange rate which reduced by 0.37 percent from Sh102.95 per US dollar in March 2017 to Sh103.32 per US dollar in April 2017.
In April, World Bank said that the expected the rise in global oil prices, compared to last year’s lows, will have a dampening effect on economic activity.