This archive report was first published on 15 August 2019.
Kenya's motorists are set to enjoy a slight relief following the reduction in the retail price of super petrol and diesel. According to the Energy and Petroleum Regulatory Authority (EPRA), the pump price of super petrol has fallen by Sh2.86 per litre to Sh112.53 in Nairobi, while that of diesel has declined by Sh3.28 to Sh100.60 per litre in the capital.
However, kerosene prices have increased by Sh1.98 per litre, making it more expensive than diesel. This is the first time that the cost of petrol has come down since February 2019, when it started to rise following increases in the cost of crude oil at the international markets as well as a slight weakening of the shilling against the dollar.
EPRA attributed the decline in the pump prices to reduced cost of petroleum products that were imported into the country over July. The overall price of crude oil in the global markets, however, went up slightly while the shilling weakened against the dollar last month, which are two critical measures used in determining local pump prices.
"The changes in this month’s prices have been as a consequence of the average landed cost of imported super petrol decreasing 5.64 per cent in July compared to June… diesel decreasing 7.11 per cent… and kerosene increasing by 1.88 per cent,” said EPRA in a statement.
