The Energy Regulatory Commission has announced diesel prices will dip by Ksh10 per litre for the next one month, promising a lower cost of living.
In its monthly fuel review, ERC attributed the price fall to sinking prices of crude oil in the international markets, coupled with strengthening shilling.
“Over the same period, the mean monthly dollar to shilling exchange rate appreciated by 0.27 percent from Ksh102.44 per dollar in November to Ksh102.16 in December 2018,” said Robert Pavel Oimeke, ERC’s director general.
Motorists in Nairobi, will pay Ksh104. 21 for a litre of petrol during the period, which is Ksh9.33 drop from Ksh113.54 they paid for in December.
A litre of diesel decreased by Ksh10.04 to retail at Ks102.24, and kerosene will sell at Ksh101.70 in Nairobi, a Ksh3.52 per litre drop.
The current diesel and petrol prices were last felt before the enactment of the 8 per cent VAT levy on petroleum products in September, 2018.
It is not clear if motorists will experience the pump prices review as matatus increased fare in September in tandem with the fuel hikes.
“The Free On Board (FOB) price of Murban crude oil lifted in December 2018 was posted at $59.50 per barrel, a decrease of 12.5 percent from $68 per barrel in November 2018,” added Mr Oimeke.
In Mombasa, a litre of petrol will retail at Ksh101.60, diesel at Ksh99.60 and Kerosene at ksh99.09.
In Kisumu, diesel will sell at Ksh103.94 a liter, while pump prices for petrol and kerosene will retail at Ksh105.73 and ksh103.40 respectively.
In Nakuru, kerosene will be sold at Ksh102.41, while prices of petrol and diesel per litre will be Ksh104.73 and Ksh102.94 respectively.
