Energy and Petroleum Regulatory Authority (EPRA) Director of Petroleum and Gas Edward Kinyua has remained tight-lipped on further fuel price cuts despite ongoing talks between the government and public transport operators.

🇰🇪 Breaking It Down

While speaking in an interview on Citizen TV on Wednesday night, Kinyua said EPRA has already lowered fuel prices.

“We lowered two days ago," Kinyua said, referring to the Ksh10.06 reduction on diesel prices made on Tuesday night.

Following the cut, diesel is now retailing at Ksh232.86 per litre in Nairobi, while Kerosene Has increased drastically by Ksh38.60, rising from Ksh152.78 to Ksh191.38 per litre.

📌 What You Need to Know

Pushed by Jeff Koinange over the Ksh10 reduction in diesel prices, Kinyua asserted, “Ksh10 is a lot. If you look at the cost of products at the international market before this crisis broke, a tonne of petrol was going for $686 a tonne, but because of the crisis, it has climbed to $1060 that is like 54 per cent.”

At the same time, Kinyua said Kenya Pipeline Company has fuel stocks that will last the country nearly a month.

Speaking barely two weeks after motorists in various parts of the country suffered fuel shortages, Kinyua said the country has 23 days' worth of diesel stocks and about 28 days of super petrol stocks.

“Yes, we have enough stock. For diesel, for example, we have 23 days of stock. For super petrol, we have 28 days' worth of stocks. That's about 225 million litres,” he told  Citizen TV on Wednesday night.

Pushed to further explain the shortages that tend to come the week leading to EPRA’s pump review, Kinyua said at the moment the country has several ships awaiting discharge of petroleum cargo at the port.

According to Kinyua, EPRA and other oil stakeholders have adjusted fuel planning from 45 days before the U.S.-Israel-Iran war to three months now to provide enough import cover.

📰 Source: Kenyans.co.ke