Monday, December 6, 2021

Fuel prices remain unchanged in latest review by EPRA

Energy and Petroleum Regulatary Authority (EPRA) has confirmed that fuel prices in the country will remain unchanged in the next month.

“In accordance with Section 101(y) of the Petroleum Act 2019, Legal Notice No.196 of 2010 and Legal Notice No. 26 of 2012, the Energy & Petroleum Regulatory Authority has calculated the maximum retail prices of petroleum products, for the period 15th July 2021 to 14th August 2021.

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In the period under review, prices for Super Petrol, Diesel, and Kerosene remain unchanged.

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.

The news comes at a time when Kenyans are already overwhelmed with the high cost of living due to the current prices in fuel that have led to the increase of other products.

The transport industry has been worst hit with the prices and the adversity of OVID-19 which has seen the government institute tough measures to curb the spread. Some players have quit the industry.

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