Diesel prices have increased as per the new prices posted by the Energy and Petroleum Regulatory Authority of Kenya.
“EPRA has calculated the maximum retail pump prices of petroleum products, which will be in force from 15th September to 14th October 2019.”
Super Petrol has decreased slightly by 0.22% as Kerosene decreases greatly by 5.61% with the new prices taking effect from 15th September 2019.
The changes in Super Petrol and Kerosene are as a result of a decrease in the average landing cost from 498.6 US dollars in July to 497.36 in August and 513.10 US dollars to 503.61respectively.
“The changes in the maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol and Diesel increased by KShs 0.28 per litre and KShs 2.44 per litre respectively while Kerosene decreases by KShs 3.31 per litre.”
Unlike Diesel, Free on Board prices of Murban crude oil also decreased by 5.82% from 66.15 dollars to 62.30 per barrel in August 2019.
The Kenyan currency exchange rate to the US dollar played a vital role in the new prices having depreciated by 0.13% to 103.44 in August 2019 from 103.31 in July 2019.