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EPRA Cuts Petrol by Sh9.37, Diesel by Sh10.21 After VAT Slash to 8pc
Kenya has seen a significant reduction in fuel prices following a decision by the National Treasury to slash Value Added Tax (VAT) on petroleum products from 16% to 8%. A litre of petrol now retails at Sh197.60 in Nairobi, down by Sh9.37, and diesel at Sh196.63, a decrease of Sh10.21. However, this reduction comes after Kenyans experienced a sharp increase in the cost of living as fuel prices had risen previously, leading businesses across various sectors to immediately hike their own prices. Additionally, Kenya is experiencing significant regional disparities in fuel prices, paying considerably more than its neighbouring countries, highlighting a growing economic concern for the nation.
Siaya Governor Orengo Slams EPRA Over Fuel Price Hike, Demands Full Transparency
Siaya Governor Orengo has criticized the Energy and Petroleum Regulatory Authority (EPRA) over fuel pricing, demanding full transparency in the pricing system. His criticism follows a period of fuel price volatility that has affected Kenyan consumers. Meanwhile, MP Babu Owino has rallied Kenyans to "get ready" for mass protests in response to fuel price hikes, indicating growing political tension around energy costs. Commuters across Kenya are facing immediate difficulties as transport fares have been increased following fuel price changes that took effect at midnight Tuesday.
