Kenyans must now be ready to face more trouble financially after the new prices of fuel products were revealed. The new prices to be effective as from the midnight of today 14th will see additional ksh. 5 on the price of super petrol from kh. 211.64 to ksh. 217.36
On the other hand, the price of Diesel will be ksh. 205.47 a rise from ksh. 200.99 that was there in the last month. Kerosene will be sold at ksh. 203.06 from ksh. 202.61. This is a major hit on Kenyans who will be affected directly by these increases as this will lead to increase in prices of basic commodities and services such as transport.
These were announced by EPRA’s Director General Mr. Daniel Kiptoo Bargoria who said that the prices are calculated depending on the prevailing fuel prices in the global market and that the announced prices are already inclusive of the 16% VAT tax.
“From the calculations Super Petrol had been projected to increase by Kshs.8.79/litre, Diesel by Kshs.16.12/litre and Kerosene by Kshs.12.05/litre. The Government has resolved to cushion consumers from the projected increase through a stabilization mechanism to be funded by the Petroleum Development Levy (PDL) in line with the Petroleum Development Levy, Order of 2020.,” said Kiptoo.