Petrol Prices Drop by Sh7 Per Litre

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Petrol Prices Drop by Sh7 Per Litre

The prices of fuel have for the fifth consecutive month been reduced by Energy and Petroleum Regulatory Authority (Epra). A litre of super petrol w

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The prices of fuel have for the fifth consecutive month been reduced by Energy and Petroleum Regulatory Authority (Epra).

A litre of super petrol will go down by Sh7.21 to retail at Sh199 in Nairobi.

The cost of diesel will drop by Sh5.09 a litre to Sh190.38 in Nairobi, while kerosene will now retail at Sh188.74 a litre, a drop of Sh4.49.

The reduction has been largely on account of the strengthening shilling, which has in recent weeks gained to Sh137 this week from an all-time low of Sh160 at the start of the year.

Epra, which uses rates quoted by commercial banks when computing retail prices, said the exchange rate had dropped to an average of Sh148 to the dollar in February, down from Sh164 in January.

The new prices come shortly after President William Ruto hinted at a possible decrease in fuel prices.

 

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