By Constant Munda 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 […]
Tag Archives: Drop
Although an anticipated fuel and diesel price decrease will greatly help deeply indebted consumers, the relief might be only temporary, cautioned Debt Rescue CEO Neil Roets on Friday. The fuel price is expected to go down by 49 cents a litre and the price of diesel by 70c/litre in August. Earlier this week, the Automobile […]
Many CEOs believe the general public are not getting the full story behind the national power crisis and the true state of the power stations and their level of deterioration. This was one of the reasons why the Merchantec CEO Confidence Index recorded a significant decrease of 11.7%. The index recorded a positive score of […]
analysis Dianna Games — The massive drop in petroleum prices may be a blessing in disguise for many African countries As oil prices dipped below $ 50 a barrel in January, Nigeria’s finance minister put a brave face on her country’s revenue crisis. Nigerians, she said, should start thinking of Africa’s largest oil producer as […]
January 28, 2015 Source: U.S. Energy Information Administration, Following a short-lived price increase in November, natural gas prices have dropped to their lowest levels since September 2012, reflecting strong domestic production and inventory builds. The 2013-14 winter’s sustained cold weather and and almost one trillion cubic feet (Tcf) lower than five-year (2009-13) average levels. Prices […]
The price of 93 and 95 octane petrol will decrease by R1.27 and R1.23 a litre on Wednesday, the energy department said on Friday. The price of diesel would decrease by between R1.04 and R1.05 per litre. The price of illuminating paraffin would decrease by R1.44 per litre. Liquefied petroleum gas would decrease by R2.10/kg. […]
By Constant Munda FUEL consumers will pay slightly less for diesel and kerosine while the cost of petrol has marginal gone up for the next one month in new monthly review by the Energy Regulatory Commission announced yesterday. A litre of diesel, used mainly in transport and running of industrial and farm machinery, will retail […]
Crude Oil Supplies Drop 0.8% After increasing 1.7 million barrels the previous week, this latest supply squeeze puts oil inventories back on the downward trajectory they had been following since the beginning of May. While imports fell slightly from the previous week, a 546,000 … Read more on Motley Fool Separating finely mixed oil and water […]
