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Home Business

Fuel prices rise in latest ERC review

by The Informer
November 14, 2017
in Business, News
Reading Time: 1min read
Fuel prices rise in latest ERC review
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Motorists will have to dig deeper into their pockets as fuel prices have increased by Sh1.03 for a litre of super petrol and Sh3.70 for a litre of diesel.

The Energy Regulatory Commission has also said in its review that by midnight a litre of kerosene will cost Sh5.05 more.

It said the changes were because the average landed cost of imported super petrol increased by 1.42 per cent from US$ 601.97 per ton in September to US$ 610.50 per ton in October.

Diesel’s price  increased by 6.31 per cent from $508.56 to $540.66 per ton, while kerosene’s rose 8.12 per cent from $517.54 to $559.58 per ton.

The commission said the Free On Board price of Murban crude oil lifted in October 2017 was $58.10 per barrel, an increase of 4.31 per cent.

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