Kenya’s energy regulator has increased cost for a liter of Kerosene by Sh 2.53 to Sh 42.15 and warned of a possible drop in fuel prices on firming up of international crude oil market.
A litre of petrol is to retail at Sh 85.58 starting Midnight after dropping marginally by Sh 0.92.
Similarly,a Sh 2.18 drop in Diesel prices could not be matched to Sh 8 margin effected by Energy Regulatory commission (ERC) in February.
The outcome of this month’s review was as a result of verage landed cost of imported petrol decreasing by 4.61 percent, diesel decreased by 9.43 percent and kerosene increasing by 9.82 percent between January and February.
““After bottoming at around $ 29 per barrel, there has been resurgence in the price of crude oil in the international market, with the price currently at $40 per barrel. This will influence future pricing of petroleum products locally,” said ERC Director General, Eng. James Ng’ang’a.