The Energy and Petroleum Regulatory Authority ( EPRA) has reviewed fuel prices downwards.
In the latest monthly review, the prices of petrol and kerosene were reduced significantly, thereby relieving Kenyans from the cost burden.
The cost of a litre of kerosene dropped by Sh7.28, which is the biggest decrease margin.
Therefore, the biggest beneficiaries in the latest monthly fuel price review are poor households since kerosene is widely used for lighting and cooking for these families.
Super petrol, which is mostly used by motorists, has dropped by Sh5 per litre.
Diesel, which is widely used in the transport and agricultural sector has also dropped by Sh5.
In the recent months, the cost of living has been rising. Therefore, the move is likely to tame it.
According to the Monthly Kenya National Bureau of Statistics (KNBS) data, inflation was at 6.57 per cent in August and in September it rose to 6.91.
In a statement on Thursday afternoon, EPRA director general Kiptoo Bargoria said, “The government will utilise the Petroleum Development Levy to cushion consumers from the otherwise high prices.”
The new pump prices which were Sh134.72 per litre of petrol in Nairobi have now been reduced to Sh129.72 per litre.
Diesel price has dropped to Sh110.60 from Sh115.60 while kerosene will now retail at Sh103.54 per litre, down from Sh110.82 until November 14 when new prices will be announced.
That of diesel drops to Sh110.60 from Sh115.60 while kerosene will now retail at Sh103.54 per litre, down from Sh110.82 until November 14, when new prices will be announced.
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