the Energy Regulatory Commission, ERC, has reviewed prices for petroleum products. These new prices will be in force for the next 30 days. Check the press statement from the ERC, below:
“In accordance with Legal Notice No.196 of 2010, the Energy (Petroleum Pricing) Regulations and the amendment thereof, @energy_ke has calculated the maximum retail pump prices of petroleum products, which will be in force from 15th October to 14″ November 2018.
Taking into account the weighted average cost of imported refined petroleum products, changes in maximum allowed petroleum prices in Nairobi are as follows: Super Petrol decreases by KShs. 1.06 while Diesel and Kerosene increase by KShs.1.60 and KShs. 0.43 per litre respectively .
The prices are inclusive of Value Added Tax (VAT) at 8% in line with the provisions of the Finance Act 2018.
The changes in this month’s prices have been as a consequence of:
1. The average landed cost of imported Super Petrol decreasing by 1.99% from US$ 743.85 per ton in August 2018 to US$ 729.04 per ton in September 2018;
2. The average landed cost of imported Diesel increasing by 2.11% from US$ 685.95 per ton to US$ 700.41 per ton and Kerosene increasing by 0.60% from US$ 717.30 per ton to US$ 721.64 per ton.”
Supportive images for the ERC’s press statement and pump prices across the country are attached, here, below: