Petrol price drops marginally by Sh1.06 in latest ERC review

October 14, 2018
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The price of diesel has however increased by Sh1.60 to retail at Sh109.72 as has the price of kerosene which has gone up by Sh0.43 to sell at Sh108.84 per litre/file

, NAIROBI, Kenya, Oct 14 – Starting Monday, motorists will find marginal relief following the decrease of super petrol price by Sh1.06 to sell at Sh115.73.

In a statement, Energy Regulatory Commission says the drop is because of weighted average cost of imported refined petroleum products.

The price of diesel has however increased by Sh1.60 to retail at Sh109.72 as has the price of kerosene which has gone up by Sh0.43 to sell at Sh108.84 per litre.

“This month’s changes are a consequence of the average landed cost of imported super petrol decreasing by 1.99 percent from US$743.85 per ton in August 2018 to US$729.04 per ton in September 2018,” says ERC Director General Robert Pavel Oimeke.

In Mombasa, super petrol will retail at Sh113.10 per litre, diesel at Sh107.10 per litre while Kerosene will retail at Sh106.21 per litre.

Nakuru motorists will part with Sh116.20 for super petrol per litre, Sh110.41 for diesel and Sh109.52 per litre.

Super petrol will cost Sh117.20 per litre in Eldoret, diesel will cost Sh111.40 and Sh110.51 for kerosene.

Finally, in Kisumu, super petrol will retail at Sh117.19, diesel at Sh111.40 and kerosene 110.51.

The new prices are inclusive of Value Added Tax at 8 percent, in line with the provisions of the Finance Act which came into effect four weeks ago.

The new tax was enforced by the Bill in September, after an initial introduction in 2013 and several instances of deferment thereafter.

National Treasury directed the introduction of the tax, upon the recommendation of the IMF.

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