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Reprieve for motorists as petroleum products regulator reduces prices of petrol and diesel

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BY JOAN WANJIKU,NAIROBI,14TH AUG 2019-Motorists  will enjoy a reduced price for Desiel and petrol for at least one month after the Energy and Petroleum Regulatory Authority (EPRA) lowered  its maximum pump prices for both petrol and diesel by Ksh.2.86 and Ksh.3.28 respectively .

The reduction in price  comes as a sign of  relief to motorists who have in recent months experienced skyrocketed  pump-prices due to increased crude costs in the international market.

Kerosene prices have, however, increased by an average Ksh.1.98 per litre.

EPRA has attributed the latest decrease in petrol and diesel costs to a break in the pricing of fuel imports between June and July.

“The changes in this month’s prices have been a consequence of the average cost of imported super petrol and diesel decreasing by 5.6 and 7.1 percent between June and July 2019,” read EPRA’s statement to media houses in part.

A litre of petrol in Nairobi will now cost motorists Ksh112.53 over the next month to the next pricing review while diesel costs will come down to Ksh.100.60.

At the same time, kerosene costs have once again super-ceded the costs of diesel as a litre of paraffin inflates to an average Ksh.103.95.

The new pump-prices are expected to take effect at midnight on Thursday and will run across the rest of August and into the first half of September.

 

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