Kenyans are counting it a huge relief especially in the matatu sector who are constantly charging expensive with excuses of high pump prices.
Matatus and private motorists in Kenya will pay less for fuel over the next one month after the Energy Regulatory Commission (ERC) adjusted downwards pump prices in their latest review.
A liter of Super Petrol will from midnight reduce by four shillings and 12 cents; diesel is down by six shillings and twenty-eight cents while kerosene has been decreased by five shillings and twenty cents.
Here is the complete breakdown of costs with Nairobi used as an example: ^AM pic.twitter.com/1XQuH2IIJR
— Energy Regulator KE (@energy_ke) February 14, 2019
ERC attributes the price adjustments to lower landed cost of imported petroleum products.
In addition, over the last one month the shilling strengthened 0.84% against the green buck from 102.16 shillings per US Dollar in December 2018 to 101.30 per US Dollar in January 2019.
Following the pump price review, petroleum products will be cheapest in Mombasa where a liter of Super Petrol will retail at 97 shillings and 46 cents, diesel at 93 shillings and 36 cents while kerosene will sell at 93 shillings and 88 cents.