Fuel prices have dropped for the first time in 5 months @KenyanTraffic

Fuel prices have dropped for the first time in 5 months @KenyanTraffic

Petrol prices have dropped for the first time in five months, defying a weak shilling and the new inflation tax that kicked in last month. The new prices offer a reprieve to motorists but will hit families that use kerosene, whose price has gone up.

The Energy and Petroleum Regulatory Authority (EPRA) Wednesday cut the price of a litre of super petrol by Sh2.86 and that of diesel by Sh3.28, citing a fall in the landed cost of the two commodities.

This reduces the maximum price of a litre of petrol in Nairobi to Sh112.53, the lowest since mid-May, while that of diesel will be at a five-month low of Sh100.60.

The drop in prices of fuel translates into cost savings for motorists running personal cars, commercial vehicles as well as industrial users.

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Magari Poa