Govt in the process of increasing fuel prices, reversing January reductions

Govt in the process of increasing fuel prices, reversing January reductions

Screen Shot 2015-05-12 at 13.57.48The government, through the Energy Regulation Board is in the process of increasing fuel prices. The prices of petrol, diesel and kerosene could be increased as early as tonight.

Documents obtained by the Watchdog show that a litre of Petrol will now cost K8.74 from K7.60 . Diesel will cost K7.59 from K6.59 per litre.

This means that the reductions announced in January during the presidential by-election have been reversed.

Just before the presidential by-election on Friday 16th January 2015, the government announced that fuel prices had been reduced to the current prices.

The Energy Regulation Board announced then that, the pump price of petrol per litre had been reduced from K9.89 to K7.60 while the diesel pump price had reduced from K9.18 to K6.59 with the price of Kerosene reduced from K6.77 to K4.69 representing K2.08 reduction.

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