Kenyans to pay more for fuel in new adjustments

NAIROBI, KENYA: Kenyans will pay more for fuel prices beginning Monday midnight following adjustment cutting across Kerosene, Super Petrol, and Diesel.

The Energy and Petroleum Regulatory Authority (EPRA) increased the prices of Petrol and Diesel by Sh0.97 and Sh1.12 per litre respectively, Kerosene price will go up by Sh1.93 per litre effective midnight.

The prices are inclusive of the 8 per cent 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.

The adjustments come as commodity dealers warned Kenyans to get ready for higher fuel prices in the coming months following the weakening shilling against the US dollar and an anticipated increase in demand.

Boris Chabeda a fuel dealer is calling on the government to put up measures in strengthening the shilling against the dollar and revise the method used to calculate the monthly fuel prices to cushion citizens from paying higher prices in the coming months

“The transport sector is picking up from the lockdowns witnessed in better parts of this year, we expect the sector to be more active in the coming year more so with discovery of coronavirus vaccine which will require freight services,” he said noting that movements will increase demand for fuel.

Petroleum and Mining CS Peter Munyes