Fuel prices to remain the same for the next one month

Energy and petroleum regulatory authority EPRA says fuel prices will remain the same for the next one month.

In the latest report a litre of petrol will retail at Sh129.72 in Nairobi, while diesel to go for Sh110.60 per litre. Kerosene to continue retailing at Sh103.54 per litre.

The landed cost of imported Super petrol decreased by 0.86 per cent from$601.97 (Sh68,276) (Sh71,206) per cubic metre in December to 596.79 (Sh67,825.18) in January.

However, Diesel increased by 7.11 per cent from $565.92 per cubic metre to $606.16 per cubic metre.

Kerosene decreased by 7.04 per cent to 534.38 (Sh60,732.29) per cubic metre.

Last month, EPRA director general Daniel Kiptoo said the government will utilise the Petroleum Development Levy to cushion consumers “from the otherwise high prices.”

This comes amid concerns by Oil Marketing Companies over government defaulting on compensation under its fuel subsidy initiative introduced mid-last year.

The National Treasury is expected to compensate oil marketing companies (OMCs) supplier margins which remain nil in the next 30-day fuel pricing cycle to March 14.

The hold in fuel costs is expected to hold off further increments to the cost of living/inflation even as food prices continue to edge upwards.

Last month, inflation fell to a 14-month low 5.39 per cent on low transport and energy costs.

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