Fuel Prices Reduced In March 2020 Review

The government has reduced petrol, diesel and kerosene prices in March review by Ksh2.00 per litre, Ksh2.80 per litre and Ksh7.23 per litre respectively,

“Taking into account the weighted average cost of imported refined petroleum products, the changes in the maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol, Diesel and Kerosene decrease by Ksh2.00 per litre, Ksh2.80 per litre and Ksh7.23 per litre respectively,” said the Energy and Petroleum Regulatory Authority in a statement.

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The changes in this month’s prices are as a consequence of the average landed cost of imported Super Petrol decreasing by 3.44 percent from USS 489.44 per cubic metre in January 2020 to USS 472.59 per cubic metre in February 2020; Diesel decreasing by 5.27% from USS 506.92 per cubic metre to US$ 480.21 per cubic metre; and Kerosene decreasing by 14.96% from USS 495.32 per cubic metre to USS 421.24 per cubic metre.

“It is worthwhile noting that the cargoes used in the computation of this month’s prices were procured in January and February 2020 when the crude oil price was still high. Accordingly, the effect of the recent crash in crude oil prices will be reflected in the subsequent pump price reviews,” added EPRA.

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