Monday, June 1, 2020
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Fuel prices drop shielding citizens from impact of pandemic

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Fuel prices have go down effective from 15th May to 14th June as announced by the Energy and Petroleum Regulatory Authority.

The new fuel price have seen both the Diesel and Super Petrol decrease by Ksh 19.19 and Ksh 9.54 respectively while Kerosene increased by Ksh 2.49.

Super Petrol and Diesel decrease by KShs 9.54 per litre and KShs 19.19 per litre respectively while Kerosene increases by KShs 2.49 per litre.”

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The changes in prices has been attributed to the consequences of average landing cost of importing Super Petrol which decreased 38.94%.

Diesel decreased by 44.04% from $432.7 per cubic metre in March to $242.13 per cubic metre in April.

There was no change in Kerosene prices as no cargo was released from the Port of Mombasa between 10th April and 9th May 2020.

“Further, no Kerosene cargo was discharged at the Port of Mombasa for the period 10th April 2020 to 9th May 2020 and therefore the prevailing Kerosene price has been maintained but with adjustments in VAT calculations.”

The prices come at time when Kenyans are coping with the adversity of the virus that led to loss of employment and increased living standards.

At the same time fuel prices globally have hit its lowest following the pandemic. Demand of the precious commodity has also gone down as people around the world stay indoors.

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