Petrol increases by Kshs1.24
By Regina Manyara
A liter of petrol will from midnight increase by a shilling and 24 cents while kerosene goes up by 99 cents as diesel retails at 14 cents lower.
The new retail prices were announced by the Energy Regulatory Commission that attributed the adjustments to an increase in the cost of crude oil and a weaker shilling.
The Energy Regulatory Commission says the shilling marginally weakened by 6 cents to 87.68 against the dollar during the month under review.
In addition, the cost of Murban crude oil rose from 109.15 dollars per barrel to 111.65 dollars per barrel during the month.
ERC says there were increases in the landed cost petrol by 0.77 percent and that of kerosene by 1.43 percent while landed cost of diesel decreased by 1.88 percent.
Fuel will be cheapest in Mombasa where a litre of kerosene will retail at 81.00 kshs, petrol at 112.49 Kshs and Diesel at 101.33 kshs.
In Nairobi, Kerosene will retail at 84.12 kshs, Petrol at 115.86 Kshs and diesel at 104.67 Kshs. Fuel will cost highest in Mandera with a litre of kerosene retailing at 97.93 kshs, Petrol at 129.67 Kshs and Diesel at 118.48. Kshs.
Fuel prices have a big impact on inflation in Kenya’s economy, which depends heavily on diesel for transport, power generation and agriculture, while kerosene is used in many households for cooking and lighting.