NAIROBI (Xinhua) --
Kenya’s energy industry regulator has reduced
retail prices for fuel in the latest monthly price review in a
move expected to have an impact on the cost of living in the
The Energy Regulatory Commission (ERC) said
the price of petrol will from (Wednesday) midnight drop by 3.74
shillings to 0.91 U.S. dollars a litre, diesel by 2.05 shillings
to 0.82 dollars, and kerosene by 3.38 shillings to 0.59 dollars
"The changes in this month’s prices have been as a
consequence of the average landed cost of imported super petrol
deceasing by 8.86 percent from 521.72 dollars per ton in July to
475.48 dollars per tonne in August," ERC said in a statement.
According to the ERC, the cost of imported diesel decreased
by 5.95 percent to 441.19 dollars per ton and that of imported
Kerosene by 8.52 percent to 451.77 dollars per ton.
Fuel prices have a significant impact on inflation in Kenya’s
economy which depends heavily on diesel for transport, power
generation and agriculture, while kerosene is used in many
households for lighting and cooking.