National Oil Corporation has announced a fuel pump price reduction of Sh3 on diesel effective Tuesday (today).
The oil marketer said the price cut will run until the next petroleum prices review on Friday, August 14.
“With the discount, National Oil now retails diesel at Sh81.50 in Nairobi down from the ERC maximum of Sh84.56,” the company said in a press statement.
The price of diesel is a significant component of the cost of goods and services, given its use in transport and industrial processes.
Prices for other towns have been adjusted accordingly. The discounted prices are available to cash and SupaCard customers at all National Oil petrol stations countrywide.
National Oil has a total of 102 service stations spread across the country.
The price reduction is part of the ongoing strategic efforts by National Oil to stabilize the petroleum market.