Motorists miss bigger cut in fuel costs despite drop in pump prices

The Energy and Petroleum Regulatory Authority (Epra) has denied users of super petrol a bigger reduction in retail prices, holding back the full benefit of the falling cost of petroleum products.

It instead used the savings to subsidise pump prices for diesel and kerosene. In reducing the pump prices by between Sh1 and Sh2 on Wednesday, Epra applied a Sh1.59 price stabilisation surplus on a litre of petrol, but also a stabilisation deficit of Sh2.57 per litre of diesel and Sh1.61 per litre of kerosene.

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`;
} else {
teaserEl.innerHTML = “”;
}

activeEl.innerHTML = “”;
paywallEl.style.display = “block”;

} else if (now >= saleStart && now <= saleEnd) {
paywallEl.style.display = “none”;

var diffToEnd = saleEnd – now;
var totalSeconds = Math.floor(diffToEnd / 1000);
var days = Math.floor(totalSeconds / (24 * 3600));
var hours = Math.floor((totalSeconds % (24 * 3600)) / 3600);
var minutes = Math.floor((totalSeconds % 3600) / 60);
var seconds = totalSeconds % 60;

activeEl.innerHTML = `

Offer ends in…

${days}Days
${String(hours).padStart(2,’0′)}Hours
${String(minutes).padStart(2,’0′)}Minutes
${String(seconds).padStart(2,’0′)}Seconds

Subscribe Now & Save

`;
} else {
teaserEl.innerHTML = “”;
activeEl.innerHTML = “”;
paywallEl.style.display = “block”;
}
}

function formatTime(ms) {
let totalSeconds = Math.floor(ms / 1000);
const days = Math.floor(totalSeconds / (3600 * 24));
totalSeconds %= 3600 * 24;
const hours = Math.floor(totalSeconds / 3600);
totalSeconds %= 3600;
const minutes = Math.floor(totalSeconds / 60);
const seconds = totalSeconds % 60;
return `${days}d ${hours}h ${minutes}m ${seconds}s`;
}

updateFlashSale();
setInterval(updateFlashSale, 1000);

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The Energy and Petroleum Regulatory Authority (Epra) has denied users of super petrol a bigger reduction in retail prices, holding back the full benefit of the falling cost of petroleum products.

Follow The Standard
channel
on WhatsApp