This archive report was first published on 14 May 2020.
On May 14, 2020, the Energy Regulatory Commission announced a significant drop in fuel prices, with diesel experiencing the largest decrease of 19.9%.
The pump price of diesel per litre in Nairobi has fallen from Sh. 97.56 to Sh. 78.68, while petrol has decreased by Sh. 10 from Sh. 92.87 per litre to Sh. 83.35 per litre. However, the price of kerosene has risen to Sh. 77.29.
According to Permanent Secretary for Petroleum and Energy Andrew Kamau, the fall in prices is not due to the way oil is imported and priced in Kenya. He explained that the WTI is a US pricing mechanism based on oil speculations, which has no direct relation to Kenya's oil import and pricing.
