Friday, April 19, 2024

Kenyans to pay more for fuel from July as ‘new tax’ kicks in

Fuel Tax in Kenya: From July this year, Kenyans will pay more fuel. This is because of a new tax that will kick in from July 1. The new tax comes in the form of an upward adjustment of the excise duty that is charged on fuel among other goods.

According to a report that appeared in a local daily on Monday, the Kenya Revenue Authority (KRA) excise duty chargeable on at least 31 goods by about 5.5 percent.

Consequently, says the report, “Super petrol is expected to increase by Sh. 1.16 at the pump as dealers’ inflation adjusted excise duty rises to Sh. 22.07 a litre from the current Sh. 20.91. Kerosene and diesel prices are set to increase by Sh. 0.60 a litre.”

You will pay Sh. 300 more for cooking gas from July 1

The report, which was published in the Business Daily further adds that; “The average inflation for the 11 months to May stood at 5.51 percent. This will see the excise duty on beer increase Sh. 6.10 a litre with the tax currently at Sh. 110.62 a litre or Sh. 55.31 a bottle, giving Kenya one of the highest tax rates on alcohol in Africa. The excise on spirits is set to go up by about Sh. 13.40 from Sh. 253 per litre, while wine will attract an additional Sh. 10.41 tax from the current Sh. 189 per litre.”

Already, Kenyans are set to pay some Sh. 300 more on cooking gas from July this year. This follows a budget that has been seen as punitive to poor, low and middle income population in Kenya. Fuel Tax in Kenya.

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