Our predictions were right. Local fuel prices will as of midnight drop by KES 1.58, KES 0.26 and KES 1.14 for super petrol, diesel and kerosene respectively.

Super petrol will retail at KES 113.68 from KES 115.54 in Nairobi, diesel at KES 105.85 from KES 106.11 and Kerosene at KES 84.87 from KES 86.01.

Our predicted prices were off the prices posted by the energy regulator by some cents.

We had predicted that super petrol will drop to KES 113.47 but it dropped to KES 113.68, diesel would drop to KES 104.46 but it dropped to KES 105.85 and Kerosene would drop to KES 84.68 but it dropped to 84.87.

This drop can be attributed to drop in international oil prices over the month of October. The Free on Board (FOB) price of Murban crude oil dropped to USD 113.20 per barrel from USD 115.54 per barrel in September.

Statistics from Central Bank of Kenya though showed that the mean exchange rate for the month of October deteriorated marginally.

More news about drop in fuel prices will be posted as it comes