Fuel Prices for June 2011

The oil industry is divided on the possible movement in prices ahead of a monthly review and gazettement of new fuel prices by the energy regulatory commission- ERC. Industry sources have projected a parallel movement in prices even as motorists anticipate a reduction after the government deployed measures to cushion consumers.oil marketers agree that diesel and kerosene prices will go down but have differed on which way petrol prices will move with some projecting an increase of upto 2 shillings while others say prices will go down by a similar margin based on the fuel pricing formula used by the ERC. Henry Githaiga puts the story into perspective.