has announced new prices of fuel in Kenya following the increase in VAT from 8% to 16%.Super Petrol has been increased by Ksh 13.49 while the new price of diesel will increase by Ksh 12.39.The price of kerosene has been increased by Ksh 11.96.The new prices will take effect immediately.
Below is a statement from EPRA concerning the changes in prices:
“Pursuant to the Finance Act, 2023, the Value Added Tax (VAT) on Super Petrol, Diesel and Kerosene has been revised from 8% to 16% effective 1st July 2023. Accordingly, EPRA Kenya has recalculated the maximum pump prices that will be in force from 1st to 14th July 2023 taking into account VAT at 16%.
As a result, the changes in the maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol, Diesel & Kerosene increase by Kshs.13.49, Kshs.12.39 and Kshs.11.96 per litre respectively”
The new prices will affect cost of products especially those depending on petroleum products.