Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Kenyans voiced fury Thursday at a jump in fuel prices, which threaten to pile on the misery for a population already suffering economic hardship /FILE


Petrol price drops marginally, diesel and kerosene up in March fuel review

Super petrol is down by Sh0.46 to now retail at 107.46 while diesel will retail at Sh97.86 /FILE

NAIROBI, Kenya, Mar 14 – Motorists will have to pay marginally less for super petrol and more for diesel and kerosene after the Energy Regulatory Commission issued new rates in its monthly review.

Super petrol is down by Sh0.46 to now retail at 107.46 while diesel will retail at Sh97.86 while Kerosene hits Sh77.45 in Nairobi which is the mean average of fuel prices.

Over the same period, the mean monthly US Dollar to Kenya Shilling exchange rate appreciated by 1.21 percent from Sh102.68 per US $ in January 2017 to Sh101.44 per US$ in February 2018.

“The purpose of the fuel pricing regulations is to cap the pump prices of the products which are already in the country so that the importation and other prudently incurred costs are recovered, while ensuring reasonable prices to consumers,” said ERC Director General Robert Oimeke.

Oimeke adds that the improved efficiencies in the pipeline have saved consumers Sh0.16 per super petrol

Click to comment

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...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...