Pump Prices for the period 15 May to 14 June 2017

14th May 2017

NEW PUMP PRICES FOR THE PERIOD 15TH MAY – 14TH JUNE 2017

As required by the Petroleum Pricing Regulations of 2010, the Energy Regulatory Commission today published the schedule of prices for Super Petrol, Diesel and Kerosene for the period 15th May 2017 to 14th June 2017.

We are keen to ensure that Kenyan consumers are shielded as much as possible from increases in the price of fuel which, in turn, have a significant impact on the overall cost of living.

Today’s review took into account changes in the weighted average cost of imported petroleum products arriving at the Port of Mombasa between March and April.

It should be noted that the retail price of petroleum products consists of the landed cost of the product, storage and distribution costs, oil marketing company margins, taxes and levies. The only cost component that changed this time was the landed cost.

The average landed cost of Super Petrol increased by 0.94% from US$ 563.62 per ton in March 2017 to US$ 568.92 per ton in April 2017. Diesel decreased by 2.20% from US$ 504.83 per ton to US$ 493.72 per ton while the average landed cost of Kerosene increased 1.93% from US$ 497.44 per ton to US$ 507.02 per ton.

As the fuel products are imported, the landed cost is affected by fluctuations in the exchange rate between the Kenya Shilling and the US Dollar. The mean monthly US Dollar to Kenya Shilling exchange rate depreciated by 0.37% from KShs.102.95 per US Dollar in March 2017 to KShs.103.32 in April 2017.

Due to the factors described, the changes in the maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol increases by KShs. 1.59, Diesel decreases by KShs. 0.57 and Kerosene increases by KShs. 0.90 per litre.

The full list of pump prices for all Kenyan towns can be seen by clicking here.