The Government, through the Energy Regulatory Commission, has announced a decrease in fuel prices expected to take effect starting Saturday, December 15.
In the new changes, Super Petrol, Diesel and Kerosene decreases by KShs 4.57, KShs 0.55 and KShs 6.61 per litre respectively.
In the new prices, a litre of Super Petrol will now retail at Kshs 113.54 from the previous Kshs 118.44 while that of Diesel reduces to Kshs 112.28 in Nairobi.
In Mombasa, a litre of Super Petrol will retail at Kshs 110.91 while diesel will go for Kshs 109.66, whereas Kisumu, Super Petrol will cost Kshs 115.01 and Diesel will be sold at Kshs 113.95.
“In accordance with Legal Notice No.196 of 2010, the Energy(Petroleum Pricing) Regulations & the amendment thereof, Energy Regulatory Commission has calculated the maximum retail pump prices of petroleum products, which will be in force from 15th December 2018 - 14th January 2019,” posted ERC
In other towns, Super Petrol will sell at Kshs 114.02 and Kshs 115.02 in Nakuru and Eldoret towns while Diesel will be sold for Kshs 112.96 and Kshs 113.96 in the same towns respectively.
The commission attributed the changes to reduced fuel imports costs that have affected the global market.
“Changes in this month’s prices have been as a consequence of the average landed cost of imported Super Petrol decreasing by 8.46% from US$ 758.34 per ton in October 2018 to US$ 694.18 per ton in November 2018,” read the statement.
They further clarified that the new prices were inclusive of VAT of 8 per cent which was introduced by the state a few months ago.
“The prices are inclusive of Value Added Tax (VAT) at 8% in line with the provisions of the Finance Act 2018,” continued the statement.
Below are the new prices of major towns:
