Kenya increases retail pump prices for fuel
Xinhua,January 15, 2018 Adjust font size:
NAIROBI, Jan. 14 (Xinhua) -- Kenya's energy industry regulator on Sunday increased retail pump prices for diesel, super petrol and kerosene by different price margins in the latest review for January to mid-February.
The Energy Regulatory Commission said the prices of super petrol per litre will rise to 1.06 U.S. dollars, diesel to 0.95 dollars and to 0.75 dollars for kerosene, mainly used by poor homes for lighting and cooking.
ERC Acting Director-General Robert Pavel Oimeke attributed the rise to upward adjustment in this month's pump prices to an increase in landed costs during the period of cargo importation.
The Free On Board price of Murban crude oil lifted in December 2017 was posted 64.85 dollars per barrel, an increase of 1.89 percent from 63.65 dollars per barrel in November.
The new prices will mainly hurt motorists who depend on petrol and diesel for transport and low income earners who heavily rely on kerosene for cooking. Enditem