This archive report was first published on 14 October 2019.
On October 14, 2019, the Energy and Petroleum Regulatory Authority (EPRA) announced a significant drop in fuel prices, bringing relief to motorists in Nairobi.
The price of petrol decreased by Sh4.76 per litre, making it retail at Sh108.05 per litre, down from Sh112.81. Diesel prices also dropped slightly by Sh1.08 per litre, while kerosene prices increased by Sh0.44 per litre.
According to EPRA Director-General Pavel Oimeke, the decrease in petrol prices was due to a 7.66 percent drop in the average landed cost of imported super petrol from $497.36 per cubic metre in August to $459.27 per cubic metre in September.
Additionally, the mean monthly US dollar to Kenya shilling exchange rate depreciated by 0.34 percent from Sh103.44/$ in August to Sh103.79/$ in September.
Notably, the decrease in petrol prices is the biggest margin since the beginning of the year, when petrol prices dropped by Sh9.33 from Sh113.54 in December 2018.
