Tuesday, August 9, 2022

Fuel prices hike by Ksh 9.90 in latest EPRA review

Kenyans will now have dig deeper into their pockets following the latest fuel review by Energy and Petroleum Regulatory Authority (EPRA).

In the latest review, fuel prices of Super Petrol, Diesel and Kerosene has hiked by Ksh 9.90 across all petrol stations across the country effected Thursday midnight.

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“n accordance with Section 101(y) of the Petroleum Act 2019, Legal Notice No.196 of 2010 and Legal Notice No. 26 of 2012, EPRA Kenya has calculated the maximum retail prices of petroleum products which will be in force from 15th April to 14th May 2022.” Said EPRA

In Nairobi alone, the price of petrol is now Ksh 144.62 up from 134.72, diesel will now retail at Ksh 125.5 from Ksh 115.6 and Kerosene will now go for 113.55.

“The Government will utilise the Petroleum Development Levy (PDL) to cushion consumers from the otherwise high prices. In Nairobi, Super petrol will retail at a subsided cost of Kshs. 144.62, Diesel Kshs. 125. 50 and Kerosene kshs. 113. 44.

The prices are inclusive of the 8% Value Added Tax (VAT) in line with the provisions of the Finance Act 2018, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020.” Said EPRA

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