Kenyan President William Ruto has announced that fuel prices will drop by Ksh.10.
Kenyans will see a huge drop in fuel prices in the upcoming review by Energy and Petroleum Regulatory Authority (EPRA)
Relief for motorists as Energy and Petroleum Regulatory Authority (EPRA) announced a drop in petrol,diesel and kerosene prices.
The president announced this during a church service on Sunday in Nyeri, that the fuel prices will drop, a move he attributed to the “right decisions” his government has made to bolster the nation’s economy.
“Today maize flour was nearing Ksh.200 its now close to Ksh.100. The dollar was Ksh.160 now it’s a hundred and twenty-something and still not done. Oil prices as you have seen have dropped with Ksh.10 today,” he said.
“Because we are making the right decisions not the right decisions and Kenya is going to go forward. This nation will change for the better.”
The president stressed the need for a calm government that seeks to bring about change in the country and urged politicians to put aside their desire for popularity in favour of serving their constituents.
The EPRA announced a Ksh. 1 decrease in its February review, meaning that the new pricing for Super Petrol, Diesel and Kerosene are Ksh. 206.36, Ksh. 195.47 and Ksh. 193.23, in that order.
The drop in the landed costs of diesel, kerosene and super petrol was the reason given for the decrease in fuel prices.
The new rates for Super Petrol, Diesel and Kerosene will be Ksh. 196, Ksh. 185.47 and Ksh. 183.23, respectively, following Ruto’s proposed decrease.
At press time EPRA was a few hours away from officially announcing the price reviews for April 14 to March 14.
