ERC lowers prices of Fuels after president Uhuru signs Finance Bill 2018

ERC lowers prices of Fuels after president Uhuru signs Finance Bill 2018

BY NAMULONGO PETER,NAIROBI,21ST SEPT 2018-Just hours after President Uhuru  signed into law the financial bill 2018,the Energy Regulatory Commission (ERC) has  lowered the fuel prices .

According to the ERC, super petrol will now retail at Sh116.79 from Sh125.5 in Nairobi while diesel will retail at Sh108.12, a reduction of Sh7.25 in the reviewed pump prices.

The price of kerosene has however increased to Sh108.41 following an imposition of an anti-adulteration levy of Sh18 per litre.

“Accordingly, ERC has recalculated the maximum pump prices that will be in force from 21st September to 14th October taking into account the VAT at 8pc,” a statement from the Commission stated.

In Mombasa, super will be sold at Sh114.15, diesel Sh105.50 and kerosene Sh105.78. In Nakuru, super will be Sh117.25, diesel Sh108.81 while kerosene will sell at Sh109.10.

In Eldoret, the price of super will be Sh118.26, diesel Sh109.81 and kerosene Sh110.09. In Kisumu, super will be Sh118.25, diesel Sh109.81 while kerosene will be Sh110.09.

While signing the Bill into law, President Uhuru Kenyatta gave his commitment to ensure proper utilisation of public resources.

There was drama in Parliament Thursday afternoon following a bitter dispute between MPs who voted for and against the proposal.

Those against the move insisted they carried the day and accused Temporary Duty Speaker Soipan Tuya of declaring wrong results after the vote.

 

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