Maximum Retail Pump Prices In Kenya For The Period 15th February 2019 – 14th March 2019

In accordance  with  Legal Notice No.196 of 2010, the Energy  (Petroleum Pricing) Regulations  and  the amendment thereof, the Energy Regulatory  Commission (the Commission)   has  calculated   the  maximum  retail   pump   prices   of  petroleum products, which will be in force from 15th February to 14th March 2019.

Taking  into  account  the  weighted   average  cost  of imported refined   petroleum products, the changes in the maximum  allowed  petroleum pump prices in Nairobi are as follows: Super  Petrol, Diesel  and  Kerosene  decrease  by KShs. 4.12, KShs.

6.28 and  KShs. 5.20 per litre respectively.  The  pump  prices  are inclusive  of 8% Value Added  Tax (VAT) in line with provisions  of the Finance Act 2018.

The changes  in this month’s prices are as a consequence  of the average landed cost of  imported  Super   Petrol   decreasing   by  7.23% from  US$  590.92  per   ton  in December 2018 to US$ 548.20 per ton in January  2019; Diesel decreasing by 11.29% from US$ 615.97 per ton to US$ 546.42 per ton and Kerosene decreasing by 3.92% from US$ 620.05 per ton to US$ 595.75 per ton. The changes in the landed costs are summarized in the table below:

The Free On board  (FOB) price of Murban crude  oil lifted in January 2019 was posted at US$ 60.95 per barret an increase of 2.44% from US$ 59.50 per barrel in December 2018.

Over the same  period,  the mean monthly US Dollar to Kenya Shilling  exchange rate appreciated by 0.84% from KShs. 102.16 per US$ in December 2018 to KShs. 101.30 per US$ in January 2019.