Kenya Lowers Fuel Prices as Shilling Strengthens, Crude Slips

Kenya, the largest East African economy, cut maximum prices of gasoline, diesel fuel and kerosene for a second time on gains by the shilling and weaker crude prices.

So-called super petrol, the most commonly used gasoline, fell 6.7 percent to 111.95 shillings ($1.28) a liter (0.3 gallon) in the capital city of Nairobi after the shilling strengthened against the dollar and crude prices declined in December, the industry regulator said in an e-mailed statement.

The reduction is effective from tomorrow to Feb. 14, the Energy Regulatory Commission said in its monthly review of fuel costs. It also announced a cut on Dec. 14.

The price of diesel dropped 3.08 shillings a liter to a maximum of 107.90 shillings, according to the commission. Kerosene, used for cooking, declined 3.63 shillings a liter to 87.11 shillings, it said.

To contact the reporters on this story: Johnstone Ole Turana in Nairobi at jturana@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net