Petrol Prices Increase by KES 2.0/liter
The Energy and Petroleum Regulatory Authority has announced an increase in the retail price of super petrol by shillings 2.00 per liter for the March 14th to April 14th pricing cycle while that of diesel and kerosene remains unchanged.
According to EPRA, the prices are inclusive of the 8% Value Added Tax (VAT) in line with the provisions of the Finance Act 2018, the Tax Laws (Amendment) Act 2020, and the revised rates for excise duty adjusted for inflation as per Legal Notice No.194 of 2020.
Meanwhile, diesel has decreased by 2.52 % from US Dollars 774.49 per cubic meter to US Dollars 763.28 per cubic meter according to data shared by EPRA.
In a press release, EPRA Director General Daniel Kiptoo further explained the average landed cost of imported super petrol decreased slightly by 0.06% from US Dollars 659.87 per cubic meter in January 2023 to US Dollars 659.47 per cubic meter in February 2023.
“When this petrol lands in the country, the national government should reduce taxation costs. I think when tax reduces EPRA will also consider reducing petrol price,” said Alex Mathenge one of the Uasin Gishu locals.
Business persons have complained over the increase in super petrol price which has greatly affected the transportation costs.
“Today customers who used to pass by daily for the servicing of their vehicles have reduced in numbers, most of them have preferred to use public means rather than paying the prices at the pump.” Said Samuel Otieno a mechanic at Eldoret town.
Farmers have also complained over this issue which will increase farming and plantation costs being a planting season the ripple effect being an increase in farm products and foods.