Kenya: More Pains For Kenyans As Fuel Prices Increased Astronomically

Fuel prices have been increased in Kenya, bringing more hardship to consumers in the East African country.

Consumers would now pay Sh134.72 ($1.225) for a litre of petrol and Sh115.60 ($1.051) for a litre of diesel while kerosene is now sold at Sh110.82 ($1.008) per litre.

The increment was contained in a statement issued by the country’s Energy and Petroleum Regulatory Authority on Tuesday, September 14, 2021.

The Authority said that prices are inclusive of the eight 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 as per Legal Notice No. 194 of 2020.

It said that the calculation of the prices was reached by Section 101(y) of the Petroleum Act 2019, Legal Notice No.196 of 2010, and Legal Notice No. 26 of 2012.

The changes come after months of constant prices in the country due to the economic challenges caused by the Coronavirus pandemic.

In the last review, the petrol retailed at Sh127.14 per litre in Nairobi, diesel at Sh107.66 and Sh97.85 per litre for kerosene.

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The Authority said that the average landed cost of imported super petrol decreased by o.72 per cent from 552.35 US Dollars per cubic meter in July to 548.36 US Dollars per cubic meter in August.

Diesel decreased by 4.81 per cent from 514.25 US Dollars per cubic meter to 489.51 per cubic meter while kerosene increased by 0.96 per cent from 493.45 US Dollars per cubic meter to 498.19 US Dollars per cubic meter.

Source: https:// energynewsafrica.com