Motorists get relief as fuel prices fall

Monday February 15 2016

A petrol station attendant serves a motorist. The energy sector regulator has reduced the price of petrol by Sh2.14 per litre for the period up to March 14. PHOTO | PAUL WAWERU |

A petrol station attendant serves a motorist. The energy sector regulator has reduced the price of petrol by Sh2.14 per litre for the period up to March 14. PHOTO | PAUL WAWERU |  NATION MEDIA GROUP

By WAGA ODONGO
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The energy sector regulator has reduced the price of petrol by Sh2.14 per litre for the period up to March 14.

The Energy Regulatory Commission has also reduced the cost of diesel by Sh8.82 and kerosene by Sh6.51 per litre, citing a reduction in the cost of importing fuel into the country. The price adjustments mean that petrol will retail at Sh86.50 per litre in Nairobi, while diesel and kerosene will cost Sh67.88 and Sh39.62 per litre, respectively.

Fuel consumers in Mombasa will have the lowest prices of fuel in the country at Sh83.2 per litre for petrol and Sh64.63 and Sh36.94 a litre for diesel and kerosene, respectively.

IMPORTATION COSTS DROPPED

The cost of importing petrol dropped by 4.22 per cent, while diesel and kerosene importation costs decreased by 21.8 per cent and 20.23 per cent, respectively.

The price of petrol in the international market dropped by 8 per cent in January while that of diesel and kerosene went down by 24 and 21 per cent, respectively.

Kenya imports refined fuel after it closed the refinery in Changamwe, Mombasa, in September 2013.