Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Kenya

Cost of fuel decreases in latest ERC review

Super petrol has decreased by Sh4.57 to Sh113.54, diesel by Sh0.55 to Sh112.28 and kerosene by Sh6.61 to Sh105.22/FILE

NAIROBI, Kenya, Dec 14 – Starting Friday midnight, consumers in the country will pay less for super petrol, diesel and kerosene following a review on the prices by the Energy Regulatory Commission.

Super petrol has decreased by Sh4.57 to Sh113.54, diesel by Sh0.55 to Sh112.28 and kerosene by Sh6.61 to Sh105.22.

According to the firm, the drop is a consequence of the average landed cost of imported super petrol decreasing by 8.46 per cent from US$758.34 per ton in October 2018 to US$694.18 per cent in November 2018.

Diesel also decreased by 2.58 per cent by 2.58 percent from US$741.33 per ton to US$722.17 per ton with kerosene decreasing by 11.12 per cent from US$763.47 per ton to US$678.57 per ton.

Over the same period, the mean monthly US dollar to Kenya shilling exchange rate depreciated by 1.27 per cent from Sh101.16 per US dollar in October, to Sh102.44 per US dollar in November.

The new prices are inclusive of VAT of 8 per cent, which is in line with the provisions of the Finance Act 2018.

Click to comment
Advertisement

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...

Headlines

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

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...

Kenya

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

Coronavirus

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

Coronavirus

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

Headlines

NAIROBI, Kenya, Mar 16 – The World Bank has given the Kenyan government USD 60 Million (Sh6.1 billion) to help combat the deadly coronavirus pandemic...