Motorists have a reason to smile after the Energy Regulatory Commission (ERC) slashed fuel prices across the board in its November review.
The cost of super petrol has gone down by Sh2.83 per litre to retail at Sh90.46 in Nairobi while diesel will now cost Sh79.66, a Sh2.77 drop. The price of kerosene has been reduced by 1.23 per litre to Sh54.89.
In Mombasa, petrol will now cost Sh87.16 and Sh76.38 for diesel, while in Nakuru it will be Sh91.21 and Sh80.58 respectively.
Motorists in Kisumu will pay Sh92.42 for super petrol and Sh81.79 for diesel and in Eldoret, super petrol will be sold at Sh92.35 and diesel at Sh81.73 starting on Sunday.
In a statement on Saturday, ERC Director-General Joseph Ng’ang’a said they had taken the move following a reduction in the cost of importation for petroleum products.
“Petrol marketing companies and dealers are reminded that it is an offence to sell petroleum products above the maximum prices as published and anyone found contravening the directive is liable to a fine of up to Sh1 million with a risk of having their licences withdrawn,” he said.
Mr Ng’ang’a said that ERC had received complaints of imposters extorting money from petrol station operators for alleged non-compliance saying any dealer should send a text message to 0707667623, giving details of the said “inspector”.
He said that dealers can also send a short text message to ERC on the same number, naming the town in which they operate to establish recommended prices.
The new prices will remain in force until December 14 when ERC will sit to determine the new prices.
SOURCE: BUSINESS DAILY