Diesel
Energy Regulatory Commission
ERC
Kenya
Kenya Shilling
Kerosene
Mombasa
Nairobi
Robert Pavel Oimeke
Sh101.30
Sh102.16
Sh4.12
Sh5.20
Sh6.28
Super Petrol
US
Valentine
Value Added Tax

Sweet Valentine for motorists as petrol drops by Sh4.12

NAIROBI, Kenya, Feb 14 – Drivers have got Valentine’s gift as the cost of petroleum has further reduced for the second month running thanks to dropping international crude oil and a stronger shilling.

In its monthly review, the Energy Regulatory Commission announced a reduction of Sh4.12 per litre of petrol, Sh6.28 per litre of Diesel and Sh5.20 per litre of Kerosene.

From 14th February midnight, motorists in Nairobi will buy a litre of petrol for Sh100.09 while Mombasa motorists will fuel at Sh97.46 per litre.

In a statement, ERC Director General Robert Pavel Oimeke said the changes in February’s prices are as a consequence of the average landed cost of imported Super Petrol decreasing by 7.23 percent, “from US$590.92 per ton in December 2018 to US$548.20 per ton in January 2019.”

“Over the same period, the mean monthly US Dollar to Kenya Shilling exchange rate appreciated by 0.84 percent from Sh102.16 per US$ in December 2018 to Sh101.30 per US$ in January 2019.”

The pump prices are inclusive of 8 percent Value Added Tax in line with the provision of the Finance Act 2018.

In January, a litre of super petrol dropped by Sh9.33, diesel by Sh10.04 while diesel reduced by Sh3.52

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