Fuel prices register marginal drop in monthly regulator review

The price of super petrol has decreased by a shilling while diesel and Kerosene have increased by Sh1.39 and Sh0.86 per litre respectively, the Energy Regulatory Commission has announced.

In its monthly fuel price capping exercise, ERC attributed the dip and increase in the fuel to the cost of imported refined petroleum products.

“While ensuring reasonable prices to consumer, the actual pipeline factor has been retained at 0.2 per cent, which is a reduction from the previous factor which was 0.25 per cent” ERC Acting Director Robert Oimeke said in a statement.

Due to the retained factor, the savings per litre on the account of the reduced pipeline will be Sh0.19 for super petrol, Sh0.16 for diesel and Sh0.11 for kerosene

According to the regulator, the importation cost of super petrol decreased by 3.10 per cent from $538.09 (Sh55, 423) per tonne in June 2017 to $521.40 (Sh54, 157) per tonne as at July 2017.

Diesel increased by 4.03 per cent to $472.24 (Sh49, 051) from $453.93(Sh47, 149) while kerosene increased by 2.48 per cent from $478.65(Sh49, 717) to $490.50 (Sh50, 948) per ton. According to Kenya National Bureau of Statistics, the transport index dropped by 0.29 per cent in July 2017 to decrease in pump prices.

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The Nation Media Group (NMG) founded by His Highness the Aga Khan in 1959 has become the largest independent media house in East and Central Africa. It has been quoted on the Nairobi Stock Exchange since the early 1970s.

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