Elizabeth Kisiangani
The petroleum prices announced by EPRA on Tuesday remained far much the same for super petrol, with a marginal decline for Kerosene and diesel, EPRA attributed it to rising landed cost of diesel and super petrol with the marginal decline for kerosene, for the forth week now.
The CBK Has been reporting reducing global petroleum prices, that are now lower than the were six weeks ago, on the week end twentieth September by nearly 16 dollars per barrel. International oil prices declined during the week ending November 9th as demand concerns persisted with dissipating impact of the war between Israel and Hamas group as Murban oil price fell to 81.59 dollars per barrel, from 87.24 dollars per barrel on November 2nd
According to EPRA the landed cost of super has been on steady rise to stand at 827 us dollars as the price of petrol per liter has risen by more than 47ksh since June. Despite the global oil price, a liter is at 229 ksh before a price stabilization that lowered it to two hundred and seventeen shillings as published last month.