NAIROBI (Xinhua) --
Kenya’s energy industry regulator on Friday
decreased the retail prices for diesel, super petrol and
kerosene by different price margins in the latest review for
June to mid August.
The Energy Regulatory
Commission (ERC) said the prices of super petrol per litre will
fall to 0.97 U.S. dollars, diesel to 0.84 dollars and to 0.62
dollars for kerosene, mainly used by poor homes for lighting and
Director-General Pavel Oimeke attributed the drops to lower
global oil prices during the period of cargo importation.
Market analysts say
the new prices will mainly benefit motorists who depend on
petrol and diesel for transport and low income earners who
heavily rely on kerosene for cooking.
Fuel prices have a
significant impact on inflation in an economy which depends
heavily on diesel for transport, power generation and
agriculture, while kerosene is used in many households for
lighting and cooking.