Kenyans will from this morning pay the lowest petrol and kerosene prices at the pump since 2015. This means, the recent crash in crude oil prices will not be reflected in this month’s diesel pump prices but will be felt in the coming months. This as global oil prices have been under pressure, with reduced demand as a result of coronavirus-driven economic shutdowns. Diesel decreased by 9.89 per cent from $480.21 per cubic metre to $432.70 per cubic metre while kerosene decreased by 37.7 per cent from $421.24 per cubic metre to $262.44 per cubic metre. Distribution and storage get Sh3.19 from the litre while oil marketers and distributors are allowed a margin of Sh12.39.

Source: The Star April 15, 2020 00:56 UTC