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Downtown Nairobi, as seen from the small lake at
Uhuru Park
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Kenya's
energy regulator has cut retail prices of diesel, petrol and kerosene to
reflect lower import costs, in a move likely to temper rising inflation, Reuters reports.
Fuel
prices have a big effect on inflation in the east African nation, which relies
heavily on diesel for transport, power generation and agriculture, while
kerosene is used in many households for cooking and lighting.
The
Energy Regulatory Commission cut the maximum retail price on a litre of diesel
by 0.62 shillings to 102.36 Kenyan shillings (US$1.15) in the capital Nairobi
and that of kerosene by 1.42 shillings per litre to 81.63 shillings.
The
price of petrol fell by 4.98 shillings per litre to 111.64 shillings.
The
regulator said the cost of importing crude fell in August compared with the
previous month.
The
government started a monthly review of retail fuel prices in 2010 after they
shot upwards, driving up the cost of living.
Kenya's
inflation rose to 8.36 percent in the year to August from 7.67 percent in July.
The
price adjustments take effect on Sep. 15 and will stay in place for one month.
(1 US dollar = 88.8000
Kenyan shilling)
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