Diesel and kerosene prices stay the same, but gasoline prices drop by Ksh.1. As a result of the most recent maximum pump price review conducted by the Energy and Petroleum Regulatory Authority, the price of a liter of gasoline is scheduled to drop by one shilling beginning on Saturday (EPRA).
As a result of the government continuing to provide a cushion in the form of a subsidy for diesel and kerosene, the prices of these two fuel products have also decreased by Ksh.2 and Ksh.1, respectively.
As a direct result of this, the price of a gallon of regular gasoline is expected to drop to Ksh.178.30 in the nation’s capital of Nairobi, while the price of diesel would drop to Ksh.163.
In the meantime, the price of a liter of kerosene falls to 146.94 Kenyan shillings.
The new administration has been compelled to keep the cushion in place despite the fact that they pledged one month ago to abolish the expensive subsidies.
In a break from the norm, the government has decided that customers of gasoline will be responsible for subsidizing the cost of diesel and kerosene. This decision was made in an effort to keep diesel and kerosene prices below their highest point in September.
According to recent information provided by EPRA regarding the price stabilization mechanism, consumers of gasoline will be required to pay Ksh.7.48 in order to subsidize the cost of diesel and kerosene. This is due to the fact that the stabilization of diesel and kerosene stands at a deficit of Ksh.4.44 and Ksh.13.06 respectively.
According to a statement released by EPRA late on Friday night, “a subsidy of Ksh.18.15 per liter and Ksh.27.47 per liter has been maintained for diesel and kerosene correspondingly in order to cushion consumers from otherwise high prices.”
Despite the fact that Kenyans have seen a 10% decrease in the average landing cost of products during the month of September, the small relief at the pump has failed to live up to their expectations.
For example, according to information collected by Citizen Digital, the landed cost of gasoline decreased during the months of August and September, going from Ksh.111,326 per metric tonne ($920.05) to Ksh.99,293 ($820.6).
In the meantime, the cost of fuel and kerosene delivered at the customer’s location decreased by 5.6% and 9.32% respectively.
As a result of the elimination of all subsidies associated with the product, the price of super petrol increased by Ksh.20.18 per liter one month ago.
In the meantime, consumers have been protected from an even bigger increase thanks to the partial retention of subsidies on diesel and kerosene, the prices of which rose by Ksh.25 and Ksh.20 per liter, respectively.