Kenya cuts fuel prices, cites lower import costs

Kenya's Energy Regulatory Commission slashed on Saturday the maximum retail prices of petrol, diesel and kerosene, citing lower import prices. Since 2010, Kenya has set a cap on prices of petrol, diesel and kerosene to protect consumers from what the regulator has said were unfairly high prices. But consumers have questioned the system in recent months, saying local prices do not reflect falling global prices.
The ERC cut the price of a litre of petrol in the capital Nairobi by 8.17 shillings to 84.71 shillings. It also cut the price per litre of diesel by 7.83 shillings to 75.52 shilling and that of kerosene by 13.19 shillings to 52.40 shillings.