Motorists have been handed a big relief for the next one month after fuel pump prices were drastically reduced.
A litre of petrol has been slashed by Ksh9.54 and will beginning midnight retail at Ksh83.33 cents in Nairobi with diesel going for Ksh78.37 a litre down by Ks19.19.
The reduction of fuel prices is in response to the fall in the global crude oil prices due to oversupply.
The Energy and Petroleum Regulatory Authority has attributed the lowering of fuel pump prices to the decrease in global crude prices for super petrol that has fallen by 38.94 per cent from 309.03 dollars per cubic meter in March to 188.07 in April.
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In a similar period, diesel decreased by 44.04 per cent from 432.70 US dollars per cubic meter to 242.13 per cubic meter.
The authority says the computation of new prices also took into consideration changes effected by the value-added tax law amendment act of 2020 that lowed VAT from 16 to 14 per cent.
Kerosene, however, was only lowed by Ksh2. 49 per litre as according to the authority there was no cargo of the product discharged at the port of Mombasa from 10 April to 9th May.
The pump price reductions would have been even by a wider margin were it not for the shilling that weakened 2.67 per cent against the dollar hitting 106.83 to the greenback over the same period.
Fuel will be cheapest in Mombasa where a liter of super petrol will retail at Ksh80.85, diesel at Ksh75.88 while kerosene is Ksh77.29.
Super petrol will now cost Kshs.84.20 in Eldoret while diesel will sell at Kshs.79.38 and Kerosene Kshs.80.78.
In Kisumu, super petrol will retail at Kshs. 89.19, diesel at Kshs.79.37 and Kerosene will sell at Kshs.80.77.
It will be expensive in Mandera where a liter of super petrol goes for Ksh96.36, diesel costs Ksh91.41 and Kerosene is at 92.81