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HomeDaily NewsThursday, April 2, 2026State to review VAT on fuel, spend Sh17bn to cushion consumers - April 2026
Business & Economy3 stories from 3 sources

State to review VAT on fuel, spend Sh17bn to cushion consumers - April 2026

The Kenyan government will review Value Added Tax on petroleum products and allocate Sh17 billion from the fuel stabilization fund to prevent sharp increases in fuel pump prices. In neighboring Tanzania, the energy regulator EWURA announced higher cap prices for petroleum products effective April 1, driven by escalating global supply disruptions from Middle East geopolitical tensions. These developments come as the Kenyan Shilling reached a significant milestone, averaging an exchange rate of 130 against the US Dollar, adding to import cost pressures.

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Thursday 6:12 PMNation Business

State to review VAT on fuel, spend Sh17bn to cushion consumers

State to review VAT on fuel, spend Sh17bn to cushion consumers

The Kenyan government is set to review Value Added Tax (VAT) on petroleum products and allocate Sh17 billion from the fuel stabilization fund to mitigate a potential sharp increase in fuel pump prices.

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Key Highlights

The Kenyan government is set to review Value Added Tax (VAT) on petroleum products and allocate Sh17 billion from the fuel stabilization fund to mitigate a potential sharp increase in fuel pump prices.

  • The government plans to spend Sh17 billion from the Fuel Stabilisation Fund.
  • The Treasury Cabinet Secretary John Mbadi announced the planned review of the 16% VAT on petroleum products.
  • Fuel prices could increase by at least Sh20 due to higher premiums on imported fuel outside the Government-to-Government deal.
Wednesday 9:51 PMNTV Kenya (Youtube)First

Kenya shillings average exchange rate against the dollar hits 130

The Kenyan Shilling has reached a significant milestone, averaging an exchange rate of 130 against the US Dollar.

Key Highlights

The Kenyan Shilling has reached a significant milestone, averaging an exchange rate of 130 against the US Dollar.

  • The Kenya Shilling's average exchange rate against the US Dollar hit 130.
  • The news involves the Kenyan Shilling and the US Dollar.
  • This development highlights a key economic indicator for Kenya.
Wednesday 11:39 PMCapital Business

Tanzania raises fuel price caps amid global supply disruptions

Tanzania raises fuel price caps amid global supply disruptions

Tanzania's energy regulator, EWURA, has announced new, higher cap prices for petroleum products effective April 1. These adjustments are primarily due to escalating global supply disruptions stemming from geopolitical tensions in the Middle East.

Read Story

Key Highlights

Tanzania's energy regulator, EWURA, has announced new, higher cap prices for petroleum products effective April 1. These adjustments are primarily due to escalating global supply disruptions stemming from geopolitical tensions in the Middle East.

  • New cap prices for petrol, diesel, and kerosene in Dar es Salaam are approximately $1.53, $1.52, and $1.47 per liter, respectively.
  • The Energy and Water Utilities Regulatory Authority (EWURA) is implementing measures to ensure fuel supply security.
  • The regulator emphasized the ongoing conflict involving the United States, Israel, and Iran as a key factor influencing the price changes.
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