October Fuel Prices Review: Fuel prices in Kenya have dropped. According to the latest prices that were announced by the Energy and Regulatory Authority, Kenyans who use kerosene will benefit the most. This is because the price of kerosene has fallen by Sh. 7.28 per litre.
The price of diesel and petrol has fallen by Sh. 5 per litre. Under the new prices, diesel will now sell at Sh. 110.6 per litre in Nairobi while petrol will sell at Sh. 129.72 per litre.
In Mombasa, consumers will pay Sh. 127.46 per litre of petrol, Sh. 108.36 for diesel and Sh. 101.29 while those in Kisumu will pay Sh. 130.12, Sh. 111.3 and Sh. 104.26 for petrol, diesel and kerosene respectively.
In Nakuru, it will cost Sh. 129.24 for petrol, Sh. 110.43 for diesel and Sh. 103.39 for kerosene. In Eldoret, Kenyans will pay Sh. 130.13, Sh. 111.32 and Sh. 104.27 for petrol, diesel, and kerosene.
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“The prices are inclusive of the 8 per cent 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,” EPRA said.
Under the previous prices, in Nairobi, the price of petrol has been selling at Sh. 134.2 per litre. A litre of diesel has been selling at Sh. 115.60 while a litre of kerosene has been selling at Sh. 110.82 per litre. In some parts of Kenya in Northern region, consumers have been buying a litre of petrol for as high as nearly Sh. 150.
The reduction in prices followed the reinstatement of the subsidy kitty which had been shelved by the National Treasury during the September review.