ERC announces new petrol prices in March fuel review

The cost of super petrol has dropped marginally according to the new fuel review prices announced by the Energy Regulatory Commission (ERC) Tuesday morning.

Super petrol is down by Sh 0.46 to now retail at sh 107.46 in Nairobi.

However diesel and kerosene go up by Sh 0.90 and Sh 0.70 respectively. Diesel will retail at Sh 97.86 while Kerosene hits Sh77.45 in Nairobi which is the mean average of fuel prices.

Over the same period, the mean monthly US Dollar to Kenya Shilling exchange rate appreciated by 1.21 percent from Sh102.68 per US $ in January 2017 to Sh101.44 per US$ in February 2018.

“The purpose of the fuel pricing regulations is to cap the pump prices of the products which are already in the country so that the importation and other prudently incurred costs are recovered, while ensuring reasonable prices to consumers,” said ERC Director General Robert Oimeke.

Oimeke adds that the improved efficiencies in the pipeline have saved consumers Sh0.16 per super petrol.