NAIROBI, Kenya, Oct, 15 – The price of Petrol will now retail at Sh178.3, Diesel will retail at Sh163 while Kerosene per litre will retail at Sh146.94 in Nairobi in changes announced by the Energy and Petroleum Regulatory Authority (Epra) on Friday.
The prices of petrol and kerosene were marginally reduced by Sh1 and diesel by Sh2 per litre.
The news comes amid skyrocketing inflation and cost of living in the country.
“Taking into account the weighted average cost of imported refined petroleum products and in line with government policy, the changes in the maximum allowed petroleum pump prices in Nairobi are as follows: super petrol, diesel and kerosene decrease by Sh1, Sh2 and Sh1 per litre respectively,” said Epra Director-General Daniel Kiptoo in a statement.
Noticeably, the marginal reduction in fuel prices comes amid a drop in the cost of imported fuel products.
This comes amid concerns that the government could have been forced to spend billions in order to compensate oil marketing companies (OMC).
In other parts of the country like Eldoret, motorists will pay Sh178.5, Sh163.72 and Sh147.67 for the three products respectively.
In Mombasa, motorists will pay Sh175.98 for petrol, Sh160.76 for diesel and Sh144.69 for kerosene.
“A subsidy of Sh18.15 per litre and Sh27.47 per litre has been maintained for diesel and kerosene respectively in order to cushion consumers from the otherwise high prices. The government will utilise the Petroleum Development Levy to compensate oil marketing companies for the difference in cost,” said Kiptoo.
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