A majority of motorists and low-income households have been spared from paying extra for diesel and kerosene for the second month in a row.
The costs of diesel and kerosene have remained unchanged within the newest gas overview whereas the price of petrol has elevated by Sh3.56 per litre.
The Vitality and Petroleum Regulatory Authority (Epra) worth overview exhibits that diesel will retail at Sh107.66 per litre and kerosene will value Sh97.85 per litre in Nairobi from Could 15. Tremendous petrol worth has been elevated to Sh126.37 per litre from Sh122.81.
The unchanged costs for diesel and kerosene come amid a drop in the price of crude oil resulting in a fall in the price of importing the fuels.
“The Free on Board (FoB) worth of Murban crude oil lifted in April 2021 was posted at $63.94 per barrel, a lower of 1.87 p.c from $65.16 per barrel in March 2021,” Epra mentioned in an announcement on Friday.
The price of imported petrol and diesel dropped 0.57 p.c to $488.69 per cubic metre and 1.03 p.c to $439.6 per cubic metre respectively.
Petrol costs had in March hit a nine-year excessive whereas diesel retailed on the highest degree since December 2018 prompting public anger and uproar.
The State then saved costs unchanged however minimize suppliers’ gross sales margin by Sh4.44 a litre for the interval between April 15 and Could 14 to diffuse public outrage.
Diesel is utilized in transportation, energy era, and operating of agricultural equipment corresponding to tractors, instantly impacting the price of farm produce.