The Energy and Petroleum Regulatory Authority (Epra) has reduced fuel prices, a day after a significant increase. This comes after the National Treasury reviewed VAT on fuel for the second time in two days.

• Petrol price reduced by Sh9.37 to retail at Sh197.60 in Nairobi; diesel by Sh10.21 to Sh196.63.
• The National Treasury reduced VAT on fuel from 13 percent to 8 percent, effective April 16.
• Yesterday, pump prices had jumped by a record Sh40, driven by global costs and shipping charges.

The Kenyan government has allocated Ksh6.5 billion to mitigate the impact of rising fuel prices on its citizens. This measure aims to cushion Kenyans from the global surge in oil costs.

• Ksh6.5 billion has been released by the government.
• President William Ruto announced the relief measures.
• Value Added Tax (VAT) on fuel products has been reduced from 16 per cent to 8 per cent for the next three months.

The International Monetary Fund (IMF) has issued a warning to Kenya and other nations regarding their use of fiscal interventions, such as fuel subsidies and value-added tax (VAT) cuts, to combat rising fuel prices.

• Kenya reduced VAT on petroleum products from 16% to 8% and introduced additional subsidies totaling Ksh6.2 billion.
• The IMF, through Deputy Director Era Dabla-Norris, expressed concern over the 'very high' fiscal burden and potential impact on debt sustainability.
• These measures come as Kenya faces tight fiscal conditions, with the IMF advocating for more disciplined approaches to cushioning households from energy price shocks.