Kenya: Petrol Prices Unchanged As Diesel, Kerosene Drop

USERS of kerosene and diesel got a relief yesterday after the Energy Regulatory Commission cut monthly prices by Sh5.43 and Sh3.36 a litre effective today, slightly easing the cost of living.

However, Petrol prices have been retained at last month’s price as the weakening shilling wiped out benefits to the consumers despite a uniform fall in the landed cost of all the three petroleum products. A litre of diesel, mainly used in agricultural machineries, manufacturing and transportation, will retail at 76.71 in Mombasa, 79.99 in Nairobi and 82.12 in Kisumu.

Kerosene, used for cooking and lighting in poor households, will sell for 49.84, 52.55 and 54.44 in Mombasa, Nairobi and Kisumu, respectively. The price for Super petrol remains at Sh99.31 in Mombasa, Sh102.65 in Nairobi and Sh 104.54 in Kisumu.

The price of imported petrol was 4.44 per cent less last month at $ 695.68 (Sh71,835) per tonne compared with July, while that of diesel and kerosene dropped by 11.43 per cent to $ 492.92 (Sh50,898) and 13.21 per cent to $ 474.35 (Sh48,945), respectively.

The upward pressure of the weaker shilling however means that Nairobi residents will only enjoy a 4.03 per cent reduction on diesel from Sh83.35 last month, and 9.36 per cent on kerosene from Sh57.98.

“The the period, the US dollar continued to strengthen against other world currencies,” ERC director general Joe Ng’ang’a said in a press statement.

He said the shilling depreciated by 1.8 per cent to average at 103.26 units to the dollar compared to 101.26 units in the month of July, eroding the gains from falling oil prices in international markets.

The price crude oil last month fell by 15.33 per barrel to sell for $ 48.85, down from $ 57.70 in July.

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