Contrary to our predictions fuel prices dropped further for the third time, consecutively. Super petrol is now retailing at KES 106.48 per liter in Nairobi while diesel and kerosene now retails at KES 97.09 and KES 73.97 per liter.
Sources from the petroleum sector attribute the price drop to large stocks of petroleum products that had been bought at lower prices plus a stabilizing Shilling.
ERC though warned that an upward trend in the price of crude and refined products observed in the international market over the last month may diversely affect prices in subsequent price reviews,