Govt Unveils Ksh82 Billion Plan to Prevent Hike in Fuel Prices kenyans.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kenyans.co.ke Daily Mail and Mail on Sunday newspapers.
THE STANDARD By
Fredrick Obura |
January 14th 2021 at 17:05:20 GMT +0300
NAIROBI, KENYA: Consumers of Diesel and Kerosene will dig deeper into their pockets following Thursday s adjustment of the products by Sh4.57 and Sh3.56 per litre respectively.
In Nairobi Diesel will retail at Sh96.40 per litre while Kerosene will be sold at Sh87.12 per litre, Super Petrol will retail at Sh 106.99 its price having been adjusted by Sh0.17 per litre.
According to the Energy Petroleum Regulatory Authority (EPRA), the changes in this month’s prices are a consequence of the average landed cost of imported Super Petrol increasing by 1.51 per cent from US dollar318.71 per cubic metre in November last year to US dollar 323.52 per cubic metre in December last year.
THE STANDARD
BUSINESS NEWS
Products to be stored in strategic reserves will include super petrol, diesel, kerosene, jet fuel and cooking gas. [File]
The Government is in yet another attempt to secure the supply of petroleum products in the country through strategic reserves of commonly used fuels.
The strategic petroleum stocks are expected to cushion the country from supply hiccups. Such hiccups have in the past caused supply disruptions including countrywide fuel outages that have been costly to Kenya’s economy.
It is, however, not the first time that the Government has tried to establish fuel strategic reserves.
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