A litre of diesel will now retail at Sh203.47 in Nairobi effective midnight; kerosene at Sh203.06.
This means a litre of diesel in Nairobi will now retail at Sh203.47 effective midnight, Tuesday, November 14 to December 14, 2023.
A litre of kerosene will on the other hand retail at Sh203.06 over the same period.
Kenyans have a reason to smile after price of super petrol in this month’s review remained unchanged at Sh217.36 for a litre in Nairobi while diesel and kerosene dropped by Sh2.
The Energy and Petroleum Regulatory Authority (Epra) Director General Daniel Kiptoo attributed the phenomenon to “average September Platts price which was higher than October”.
Landing costs for super petrol increased by 2.81 per cent per cubic meter in September, diesel by 3.28 per cent and kerosene by 6.31 per cent, Kiptoo noted.
“In order to cushion consumers from the spike in pump prices as a consequence of the landed costs, the government has opted to stabilise pump prices for the November-December 2023 pricing cycle.
The National Treasury has identified resources within the current resource envelope to compensate oil marketing companies,” he added in a statement released Tuesday evening.
This means a litre of diesel in Nairobi will now retail at Sh203.47 effective midnight, Tuesday, November 14 to December 14, 2023.
A litre of kerosene will on the other hand retail at Sh203.06 over the same period.
Without the stabIlisation, the actual fuel prices for the November-December circle would have been Sh229.37 for a litre of super petrol, Sh223.29 for a litre of diesel and Sh206.70 for a litre of kerosene.
Kiptoo said Oil marketers will be compensated from the Fuel Development Levy at the rate of Sh12.01 for every litre of super petrol sold, Sh19.82 for every litre of diesel and Sh3.64 for every litre of kerosene.
“Epra wishes to assure the public of its continued commitment to the observance of fair competition and the protection of the interests of both consumers and investors in the energy and petroleum sectors,” he said.
This is the first time in three months that fuel prices have not gone up since the historic spike in September that saw fuel prices cross the Sh200 mark for the first time ever.
