New ERC fuel prices for April 2015

These are the new fuel prices by the Energy Regulatory Commission (ERC) for April 2015.

Super Petrol- Down by Sh 0.12

Diesel– Up by Sh 1.31

Kerosene– Up by Sh 1.53

Below is a chart showing the global oil prices (per barrel) over the last one year. The chart clearly shows that the current fuel prices in Kenya don’t reflect the real picture of global oil prices. Since July 2014, oil prices have fallen by more than 50%