Kenya Fuel Prices: Kenyans, brace yourselves for higher fuel prices in April! This is the message that the government has sent to Kenyans. According to the cabinet secretary in the ministry of energy, Kenyans should prepare to pay even higher fuel prices after April price review.
“Kenya charges the highest taxes on fuel regionally. Taxes and levies are the biggest contributors to the prices. As global oil prices escalate we expect the prices in Kenya to increase,” CS Munyes told the Senate Energy committee on Wednesday.
He however said that the ministry and the Energy and Petroleum Regulatory Authority (EPRA) are working on draft regulations to operationalize the Petroleum Consolidated Fund as provided for in the Petroleum Act to provide for a stable price regime.
He claimed that National Oil will be charged with the responsibility of storing fuel which the government will buy in bulk when prices are low. As of March 2021, taxes and levies were the biggest contributor to the pump prices of super petrol and the second greatest contributor to the price of Diesel and Kerosene. Excise Duty Tax, Road Maintenance Levy and VAT account for the highest tax costs on fuel. Kenya charges the highest taxes and levies on super petrol, diesel and kerosene compared to other regional countries such as Uganda and Tanzania.
Currently, a litre of petrol is selling at highs of Sh. 124 while diesel is selling at highs of Sh. 108 per litre. Estimates indicate that fuel prices might cross the Sh. 136 per litre mark in the April review. Kenya Fuel Prices.
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