Friday , June 14,2024
By Methuselah Nyamari
In a much-needed respite for Kenyans grappling with the high cost of living, the latest review by the Energy and Petroleum Regulatory Authority (EPRA) has brought good news. Petrol and diesel prices have dropped by Sh3 and Sh6.08 per liter, respectively. Additionally, the cost of kerosene has seen a significant reduction of Sh5.71 per liter. Effective immediately, Nairobi residents will enjoy new fuel prices with petrol retailing at Sh189.84 per liter, diesel at Sh173.10 per liter, and kerosene at Sh163.05 per liter.
This price adjustment comes at a crucial time when Kenyans are feeling the pinch of escalating living costs. The country’s budget, recently unveiled, has introduced various measures aimed at economic stabilization. However, many households continue to struggle with rising expenses, making these fuel price reductions a welcome relief.
The drop in fuel prices is expected to have a positive ripple effect across the economy. Transportation costs, which have been a significant burden on both businesses and consumers, are likely to decrease, potentially lowering the prices of goods and services. This move by EPRA signals a commitment to addressing the economic challenges faced by ordinary Kenyans.
As the government navigates through budgetary constraints and aims for economic recovery, such reductions are steps towards easing the financial strain on the population. The hope is that these adjustments will contribute to a broader effort to stabilize and eventually lower the cost of living in Kenya.
In the coming days, it will be interesting to observe how these changes impact the overall economic landscape. For now, Kenyans can take solace in the fact that filling up their tanks will cost a bit less, offering some relief amid challenging times.
Press Corp 