Fuel prices

2022 - 12 - 15

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Image courtesy of "Business Daily"

State denies petrol motorists Sh8.5 drop in pump prices (Business Daily)

Consumers of super petrol have once again been denied a price drop of Sh8.54 per litre.

Kenya has found herself in a unique situation where the price of refined diesel is higher than that of super forcing the government to share the burden of the subsidy with super consumers. Epra discontinued the subsidy on super in the first month of the new administration but opted to continue with that for diesel and kerosene in a bid to cushion the majority who use the two fuels. โ€œThe price of diesel has been cross-subsidised with that of super petrol while a subsidy of Sh25.07 per litre has been maintained for kerosene in order to cushion consumers from the otherwise high prices,โ€ Epra Director General Daniel Kiptoo said. Without the subsidy, a litre of diesel would have been Sh181.39 from the current Sh162 in Nairobi while that of super would have dropped to Sh168.76 per litre from the current Sh177.30. The State gave diesel consumers a subsidy of Sh19.39 a litre, with the motorists using super footing nearly half of the amount in a bid to ease the Stateโ€™s burden in catering for the subsidy that is key to containing inflationary pressure. Consumers of super petrol have once again been denied a price drop of Sh8.54 per litre after the State opted to share the burden of subsiding diesel in a strategy to keep pump prices low.

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Image courtesy of "1 News"

Gull temporarily trims fuel prices by 20c per litre (1 News)

Petrol retailer Gull is temporarily cutting the price of fuel by 20 cents a litre. The discount kicked in at 7am today and runs until midday Friday. It's ...

[fuel excise discount ](https://www.1news.co.nz/2022/12/14/half-price-public-transport-cheaper-petrol-extended-but-phased-out-by-april/)will remain at 25 cents per litre until the end of February, and then will be at 12.5 cents through March. The discount kicked in at 7am today and runs until midday Friday. [retailer Gull](https://www.facebook.com/GullNZ) is temporarily cutting the price of fuel by 20 cents a litre.

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Image courtesy of "Financial Express"

OMCs unlikely to cut fuel prices soon, despite falling crude (Financial Express)

n March, when international crude oil prices were high, OMCs were losing Rs 11-12/litre for both petrol and diesel. By Rajat Mishra. Though international crude ...

In June, under-recoveries were higher at Rs 17/litre for petrol and Rs 24/litre for diesel. Even though prices have moderated, because of huge losses incurred by OMCs, there are no commercial reasons for them to go for a cut,โ€ one analyst said on the condition of anonymity. In March, when international crude oil prices were high, OMCs were losing Rs 11-12/litre for both [petrol](https://www.financialexpress.com/about/petrol/) sales. According to a report by Fitch, the worst may be over for the OMCs after a significant increase in debt in the second quarter of FY23 due to weak Ebitda from marketing losses, a depreciating rupee and high working capital cost. [crude prices](https://www.financialexpress.com/about/crude-oil/) have fallen by 25% since the end of March 2022, state-run oil marketing companies (OMCs) have kept retail prices of [auto fuels](https://www.financialexpress.com/about/fuel-prices/) on hold since May 2022, in a bid to recoup the losses incurred in the last two quarters, when crude prices remained at elevated levels.

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Image courtesy of "Business Daily"

Find quick solution to high prices of fuel (Business Daily)

President William Ruto said after taking office that his government would remove the subsidy programme and seek sustainable ways of bringing the cost of ...

[By SAM KIPLAGAT](/bd/corporate/companies/court-spares-tycoon-from-sh120-million-in-heineken-suit--4053874) [By SAM KIPLAGAT](/bd/corporate/companies/kcb-ordered-to-pay-former-employees-sh115-million--4055176) [By SAM KIPLAGAT](/bd/economy/nairobi-the-warfront-for-sh250-billion-facebook-suit--4055244)

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Image courtesy of "The Ogle County Life"

Fuel prices hitting farmers (The Ogle County Life)

A ban on U.S. imports of petroleum from Russia, lower domestic production capacity, and seasonal demand are all contributing to higher costs. Russia provided 20 ...

Agriculture is a really exciting career field, and they want to make sure that students see it as something fun and exciting and fresh. So, certainly feeling a pinch in multiple regions across the United States, but the East Coast far and away having the biggest supply constraint, followed by the Midwest. Gasoline tends to peak in the summertime when Americans are out hitting the open road on vacation, whereas diesel demand tends to increase in the fall and the winter with increased trucking as retailers are stocking their shelves for the holidays. 31, the average diesel price was $5.32 per gallon, while the average gas price was $3.86. While we only get three percent of our oil from Russia, we get 20 percent of our petroleum products from that country. And a lot of those petroleum products that we were importing are used to make diesel fuel. Of course, farmers are using more diesel during harvest. The average price of diesel is $5.32 per gallon, more than $1.50 above the same time last year. imports of petroleum from Russia, lower domestic production capacity, and seasonal demand are all contributing to higher costs. banned imports of Russian oil and Russian petroleum products. Beyond the impact of Russia, since 2019, domestic diesel production capacity has dropped by 180,000 barrels per day. The price difference between diesel and gas has many scratching their heads.

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