If you rely on kerosene for heating or cooking, keeping an eye on prices is a smart move. The kerosene price can change because of several factors like crude oil rates, government taxes, and supply chain issues. When prices go up, it affects your monthly expenses, so knowing why prices shift helps you plan better.
First off, global oil prices are a big driver. When crude oil costs rise, kerosene usually follows because it's made from crude oil. Also, local taxes and subsidies play a role. For example, if the government cuts subsidies, prices can jump quickly. Then there’s the supply side—any disruption in refining or transport can lead to shortages, pushing prices higher.
Seasonality matters too. In colder months, more people use kerosene for heating, increasing demand and often prices. Monitoring these patterns helps you avoid surprises in your budget.
Looking for ways to save? Start by tracking price trends regularly from trusted sources. If you notice prices climbing, consider buying in advance or in larger quantities if storage is safe and feasible. Also, combining kerosene use with energy-efficient appliances can stretch your fuel longer.
Staying informed about policies affecting fuel pricing is also helpful. Governments sometimes announce price adjustments or assistance programs after major shifts, so staying connected to news updates can benefit your wallet.
Understanding the basics of why kerosene prices fluctuate gives you a leg up. It’s not just about the pump price but knowing the forces behind it so you can make smarter energy choices every day.
The Energy, Petroleum, and Regulatory Authority (EPRA) has announced a decrease in fuel prices that will be implemented immediately. Motorists, firms, and households can expect a reduction of Sh1 for petrol, Sh1.2 for diesel, and Sh1.3 for kerosene, despite varied changes in the landed costs of these fuels.
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