Sigh of relief to motorists as the fuel prices remain unchanged from the previous cycle.
For the next, one month Fuel prices will not increase as the government reduces consumers’ prices despite the international rise of crude oil prices.
The government have given a reason for motorists to smile at the pump by cushioning the prices of diesel, petrol and kerosene. Had the government failed to subsidise their prices, the retail prices of these commodities would have shocked many because it was going to be higher than ever before.
Without the government intervention super petrol would have been retailed at 143.48, diesel at 126.28 and kerosene at 115.11 Kenya shillings per litre each. This could have been their prices at the pump for November- December cycle.
For the October- November cycle the prices were as follows: super petrol at shillings 129.72, diesel at shillings 110.60 and kerosene at shillings 103.54.
Following the government move to subsidise the prices by tapping into the PDL Fund, the motorists will save the following amount per litre of the three products 13.76 shillings on super petrol, 15.68 shillings on diesel and shillings 11.57 on kerosene. The prices shall be maintained no increase.
Epra on a statement said that for this period, November- December cycle, the pump prices for the three petroleum products shall remain unchanged thereafter another communication will be issued.
On the other hand, the landing prices for the three products increased with that of super petrol increasing by about 9%, diesel by 11.2% and that of kerosene increasing by 9.3% as compared to their landing costs in the previous cycle.
Despite the increase in the importation costs, the pump prices for November to December cycle have not changed from the ones for the October cycle.
The government used the Petroleum Development Levy (PDL) funds to subsidise the high cost of fuel thus cushioning the consumers.