Kenyans Wake Up to Hiked Fuel Prices as State Removes Subsidy

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Kenyans on Monday woke up to new hiked fuel prices following an announcement by the Energy and Petroleum Regulatory Authority (EPRA) for the period between May 15, 2023, and June 14, 2023.

The retail prices for super petrol, diesel and kerosene have increased by Ksh3.40 per litre, Ksh6.40 per litre and Ksh15.19 per litre respectively. The subsidy on diesel and kerosene has been removed.

As a result, the new price per litre of super petrol, diesel and kerosene in Nairobi will be Ksh182.70, Ksh168.40 and Ksh161.13 respectively.

“The fuel 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,” EPRA said in a notice.

EPRA announced that the average landed cost of imported Super Petrol increased by 8.63% from US$666.51 per cubic metre in March 2023 to US$724.01 per cubic metre in April 2023; Diesel decreased by 2.51% from US$705.82 per cubic metre to US$688.07 per cubic metre while Kerosene decreased by 1.13% from US$707.53 per cubic metre to US$699.54 per cubic metre.

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