Following the signing into law of the Finance Bill 2018, the Energy Regulatory Commission has reviewed fuel prices by taking into account the lower VAT on petroleum products and the anti-adulteration levy on kerosene.
This means with immediate effect the pump price for a liter of super petrol reduces by 8 shillings and 80 cents while diesel is down by 7 shillings and 35 cents. However, the cost of a liter of kerosene increases by 10 shillings and 71 cents.
President Uhuru Kenyatta this morning signed into law the Finance Bill 2018 that among others reduces the value added tax on petroleum products from 16 percent to 8 percent.
The new Finance Act also introduced an anti-adulteration levy on kerosene in an effort by the government to reduce cases of mixing of super petrol and diesel with paraffin.
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The net effect is that the pump price for kerosene increases while that of both super petrol and diesel reduce.
The price changes that come into effect immediately will see a liter of super petrol reduce by 8 shillings and 80 cents while diesel is down by 7 shillings and 35 cents while kerosene increases by 10 shillings and 71 cents.
Following the pump price review fuel will be cheapest in Mombasa, where a liter of super petrol will retail at 114 shillings and 15 cents, diesel at 105 shillings and 50 cents while kerosene will retail at 105 shillings and 78 cents.
In Nairobi, a liter of super petrol will cost 116 shillings and 79 cents, diesel at 108 shillings and 12 cents while kerosene will retail at 108 shillings and 41 cents.
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