Marginal ease as diesel drops by Sh2.99 while petrol increases by Sh1.81

Households will pay Sh63.44 for a litre of kerosene while petrol will be sold at Sh96.01. According to ERC, the changes in the price are due to Free on Board price of Murban crude oil lifted in December last year being posted at $54.15 (Sh5,622) per barrel. This is an increase of Sh830.53 (17.33 per cent) from $46.15 (Sh4, 791) in November. PHOTO: COURTESY

The price of a litre of diesel will now retail at Sh2.99 less while that of petrol will increase by Sh1.81. This is according to the latest price review by the regulator.

At the same time, Energy Regulatory Commission (ERC) has eased the price of a litre of kerosene by a narrow Sh0.12 after mid-December increase of Sh1.40. While the latest review is a reprieve to diesel users considering that in the mid-December review, it was increased by Sh5.05, for super petrol, the increase erodes the Sh0.74 cut last month.