Motorists miss bigger cut in fuel costs despite drop in pump prices
Source: The Standard
The Energy and Petroleum Regulatory Authority (Epra) has denied users of super petrol a bigger reduction in retail prices, holding back the full benefit of the falling cost of petroleum products.It instead used the savings to subsidise pump prices for diesel and kerosene. In reducing the pump prices by between Sh1 and Sh2 on Wednesday, Epra applied a Sh1.59 price stabilisation surplus on a litre of petrol, but also a stabilisation deficit of Sh2.57 per litre of diesel and Sh1.61 per litre of kerosene.Get Full Access for Ksh299/WeekFact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.Unlock Full AccessUnlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log in
It instead used the savings to subsidise pump prices for diesel and kerosene. In reducing the pump prices by between Sh1 and Sh2 on Wednesday, Epra applied a Sh1.59 price stabilisation surplus on a litre of petrol, but also a stabilisation deficit of Sh2.57 per litre of diesel and Sh1.61 per litre of kerosene.Get Full Access for Ksh299/WeekFact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.Unlock Full AccessUnlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log in
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