ERC attributes the rise in the retail prices to higher costs of oil in the international markets - News Summed Up

ERC attributes the rise in the retail prices to higher costs of oil in the international markets


The Energy Regulatory Commission (ERC) in its monthly retail price capping guide also increased the pump prices of super petrol and diesel. Further strainThe cost of super petrol has risen by Sh1.03 per litre, while that of diesel has gone up by Sh3.70. This means diesel will retail at Sh92.41 per litre for the next one month. A litre of super petrol in Nairobi will now retail at Sh102.7, up from Sh98.3 in October. ERC attributed the rise in the retail prices to higher costs of oil in the international markets, which have enjoyed relatively low prices but have in the recent past edged up.


Source: Standard Digital November 14, 2017 18:33 UTC


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