Fuel costs down in new price review

November 14, 2015 2:20 pm


The new prices will remain in effect until December 14. Photo/FILE.
The new prices will remain in effect until December 14. Photo/FILE.
NAIROBI, Kenya, Nov 14 – Motorists will pay less for fuel in the latest retail price review released by the Energy Regulation Commission (ERC).

In Nairobi, a litre of Super petrol was reduced by Sh2.83 to sell at Sh90.46 while diesel will be sold at Sh79.46. A litre of Kerosene is now Sh54.81 after dropping by Sh1.23.

The new prices will remain in effect until December 14.

The commission attributed the reduction to the average landed cost of imported Super Petrol decreasing by 3.12 percent from US$564.47 per ton in September 2015 to US$546.85 per ton in October 2015.

In Mombasa super petrol will go for Sh87.16 while diesel and kerosene will retail at Sh76.38 and Sh52.10 respectively.

In Machakos super petrol will go for Sh90.60 diesel at Sh79.80 and kerosene at Sh54.95 while in Eldoret super petrol will sell at Sh92.35, diesel at Sh81.73 and kerosene at Sh56.69.

In Kisumu a litre of super petrol will be sold at Sh92.42, diesel will retail at Sh81.79 and kerosene at Sh56.69.

“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,” Ng’ang’a said.

He 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.

“Petroleum marketing companies and dealers are reminded that it is an offense to sell petroleum products above the maximum prices published by the Commission. Any party that contravenes this requirement is liable to a fine of up to Sh1 million or the withdrawal of the operating license,” he said.

He emphasized that the Commission would also wish to alert petroleum retail station dealers of increased instances of fraudsters purporting to monitor petroleum prices on behalf of the Commission.

“On this account, the Commission has put in place an SMS enquiry system where dealers can verify the authenticity of persons inspecting their stations,” he said.



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