Motorist are the biggest beneficiaries of this months fuel prices review following a Sh9.33 drop in Super Petrol and Sh10.04 in the price of Diesel per litre
According to the review announced by the Energy Regulatory Commission, the price of Kerosene decreased by Sh3.52 per litre.
The prices are inclusive of Value Added Tax (VAT) at 8 per cent in line with the provisions of the Finance Act 2018.
The changes in this month’s prices have been as a consequence of the average landed cost of imported Super Petrol decreasing by 14.87 per cent from US$ 694.18 per ton in November 2018 to US$ 590.92 per ton in December 2018.
This has seen the average cost of diesel decreasing by 14.71 per cent from US$ 722.17 per ton to US$ 615.97 per ton and Kerosene decreasing by 8.62 per cent from US$ 678.57 per ton to US$ 620.05 per ton.
In accordance with Legal Notice No.196 of 2010, the Energy (Petroleum Pricing) Regulations & the amendment thereof, ERC has announced that the prices will be in force from 15th January to 14th February 2019.