NAIROBI, Kenya, May 15 – Kenyans are set for more pain after the Energy and Petroleum Regulatory Authority (EPRA) increased fuel prices across the country starting today.
Updated prices for super, diesel, and kerosene in Nairobi have been increased by Sh3.40, Sh6.40, and Sh15.19 respectively.
This means that motorists in the city will have to fork out Sh182.7 for petrol, Sh168.4 for diesel, and Sh161.13 for kerosene.
“The prices are inclusive of the eight percent value added tax in line with the provisions of the finance Act 2018, the tax law amendment 2020 and the revised rates for excise duty adjusted for inflation as per legal notice No.194 of 2020,” read the statement by the energy regulatory body.
EPRA attributes the high prices to a rise in the average landed cost of imported super petrol, which has moved up by 8.63 percent in a span of one month.
Diesel, however, decreased by 2.51 percent while kerosene decreased by 1.13 percent in the international market.
“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.”
The increased cost of commodities will hit Kenya hard, which is already struggling with high inflation that has pushed up the cost of living.
