Kenya Dropped Petrol Prices

Kenya Dropped Petrol Prices

Kenya’s Energy Regulatory Commission (ERC) announced an immediate drop in fuel rates that will extend until mid-October. The price dropped by $0.04  per liter for super petrol, to reach $0.90. The selling rate for a liter of diesel dropped by $0.02 and is now being sold at $0.81, while a litre of kerosene will now cost $0.58, a drop of $0.03, Citizen Digital reported.

According to ERC, the changes in September prices come as a consequence of the average landed cost of imported super petrol decreasing by 8.86%  to reach just over $475 per ton in August 2016, the price of diesel dropping by 5.95% to about $441 per ton, and the average landed rate for a ton of Kerosene reduced by 8.52% to $451, added Ecofin Agency.

Kenya is among other African nations that modify pump prices to match market conditions. Egypt Oil&Gas reported earlier September that both Ghana and Namibia have both adjusted the selling price to petrol.


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