Along Mombasa Road, 500 Meters from the Kitengela Interchange, next to Everest Park, Athi River, Kenya
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Why consumers expect Epra to slash fuel prices
A drop in global prices to a six-month low has turned the spotlight on the Energy and Petroleum Regulatory Authority (Epra) amid hopes of cost relief for consumers early next year.
Murban crude prices—the benchmark used by the Epra for its monthly pricing cycles—on Thursday remained at $69.6(Sh10,676.28), their lowest since July despite gaining some slight ground from the previous day.
The Murban prices are the lowest in six months, the closest being $69.15 (Sh10,607.73) per barrel posted in June. The fall gives hope of a likely relief at the pump in February next year amid sky-high fuel prices, with a litre of super petrol and diesel retailing at Sh217.36 and Sh203.47, respectively, in Nairobi.
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