This archive report was first published on 14 December 2019.
Christmas has come early for motorists in Nairobi, with the Energy and Petroleum Regulatory Authority (EPRA) announcing a decrease in fuel prices for the next month.
According to EPRA, the prices of Super Petrol, Diesel, and Kerosene will decrease by Sh1.09, Sh2.83, and Sh1.75 per litre respectively, effective from midnight Saturday.
The new prices will be Sh109.50 for Super Petrol, Sh101.78 for Diesel, and Sh102.31 for Kerosene in Nairobi until January 14, 2020, when a fresh review will be announced.
EPRA Director-General Pavel Oimeke attributed the price decrease to a decrease in the average landed cost of imported Super Petrol, which dropped by 0.52 percent from $463.24 per cubic metre in October to $460.83 per cubic metre in November.
Additionally, the landing cost of Diesel decreased by 3.36 percent from $502.15 per cubic metre to $485.29 per cubic metre, while kerosene experienced a 3.75 percent decrease from $499.55 per cubic metre to $481.11 per cubic metre.
The mean monthly US Dollar to Kenya Shilling exchange rate also appreciated by 1.30 percent from Sh103.55 to the dollar in October 2019 to Sh102.20 to the dollar in November 2019.
