A Liter of Super Petrol Will Now Cost You 179 Shillings In Nairobi

By Lynnet Okumu / Published September 15, 2022 | 10:47 am




KEY POINTS

Meanwhile, a liter of diesel will now run at 165 shillings from 140 shillings, while a liter of kerosene will retail at 147. 94 shillings up from 127.94 in August 2022 in Nairobi.


Fuel prices

KEY TAKEAWAYS


Fuel subsidies have been partially retained for diesel and kerosene at 20.82 and 26.25 shillings respectively, according to the Energy and Petroleum Regulatory Authority (EPRA).

The prices include the 8 percent Value Added tax in line with the Finance Act 2018, the Tax Laws (Amendment) Act 2020, and the revised rates for excise duty for inflation as per Legal Notice No.194 of 2020.


More pain for Kenyans as fuel prices hit a new all-time high following the new administration’s policy plan to gradually scrap off the fuel subsidy.

As of Thursday 15, 2022, Kenyans will buy a liter of petrol at 179.30 shillings ad 176 shillings in Nairobi and Mombasa respectively This is an increase of 20 shillings per liter from the last review on August 14 when the commodity cost 159.12 shillings.

Meanwhile, a liter of diesel will now run at 165 shillings from 140 shillings, while a liter of kerosene will retail at 147. 94 shillings up from 127.94 in August 2022 in Nairobi.

Fuel subsidies have been partially retained for diesel and kerosene at 20.82 and 26.25 shillings respectively, according to the Energy and Petroleum Regulatory Authority (EPRA).

The prices include the 8 percent Value Added tax in line with the Finance Act 2018, the Tax Laws (Amendment) Act 2020, and the revised rates for excise duty for inflation as per Legal Notice No.194 of 2020.

The latest price hike is the largest since the implementation of the fuel subsidy program in the March 15-April 14 pricing cycle in 2021.

The price increase is primarily attributed to the increase in the average landed cost of refined imported petroleum products, and is in line with the new government’s policy to progressively remove the subsidy on petroleum fuels.

On Tuesday 13, 2022, President William Ruto said that both the fuel and food subsidies that were used by the previous administration to cushion Kenyans against harsh commodity prices are unsustainable for both consumers and the government’s fiscal operations.

According to President, the fuel subsidies have taken up to 144 billion shillings of taxpayers’ funds including the 60 billion shillings owed to the oil marketers as of August 2022, and thus must be ended.

In the last pricing cycle to September 14, the subsidy covered margins of 54.91 shillings on petrol, 66.17 shillings for diesel, and 74.17 shillings for kerosene.

The pressure will hit Kenyans who are already struggling with the inflated cost of living as manufacturers and transporters pass the surging fuel cost to consumers.

Farmers are among the many whose activities might be disrupted since they will be forced to dig deep into their pockets to cover the costs of getting their goods to the market.

Adding to the drought and the continuous increase of basic commodities in the country, we could be headed for more brutal days ahead, far from the economic freedom that was promised.

Related Content: Expensive Crude Oil Likely To Push Global Fuel Prices Up






More Articles From This Author








Trending Stories










Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE



ARCHIVES

2022
  • January 2022 (293)
  • February 2022 (329)
  • March 2022 (360)
  • April 2022 (294)
  • May 2022 (271)
  • June 2022 (232)
  • July 2022 (278)
  • August 2022 (253)
  • September 2022 (246)
  • October 2022 (20)
  • 2021
  • January 2021 (182)
  • February 2021 (227)
  • March 2021 (325)
  • April 2021 (259)
  • May 2021 (285)
  • June 2021 (273)
  • July 2021 (277)
  • August 2021 (232)
  • September 2021 (271)
  • October 2021 (305)
  • November 2021 (364)
  • December 2021 (249)
  • 2020
  • January 2020 (272)
  • February 2020 (310)
  • March 2020 (390)
  • April 2020 (321)
  • May 2020 (335)
  • June 2020 (327)
  • July 2020 (333)
  • August 2020 (276)
  • September 2020 (214)
  • October 2020 (233)
  • November 2020 (242)
  • December 2020 (187)
  • 2019
  • January 2019 (251)
  • February 2019 (215)
  • March 2019 (283)
  • April 2019 (254)
  • May 2019 (269)
  • June 2019 (249)
  • July 2019 (335)
  • August 2019 (293)
  • September 2019 (306)
  • October 2019 (313)
  • November 2019 (362)
  • December 2019 (318)
  • 2018
  • January 2018 (291)
  • February 2018 (213)
  • March 2018 (275)
  • April 2018 (223)
  • May 2018 (235)
  • June 2018 (176)
  • July 2018 (256)
  • August 2018 (247)
  • September 2018 (255)
  • October 2018 (282)
  • November 2018 (282)
  • December 2018 (184)
  • 2017
  • January 2017 (183)
  • February 2017 (194)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (189)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (164)
  • February 2016 (165)
  • March 2016 (189)
  • April 2016 (143)
  • May 2016 (245)
  • June 2016 (182)
  • July 2016 (271)
  • August 2016 (247)
  • September 2016 (233)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (164)
  • April 2015 (107)
  • May 2015 (116)
  • June 2015 (119)
  • July 2015 (145)
  • August 2015 (157)
  • September 2015 (186)
  • October 2015 (169)
  • November 2015 (173)
  • December 2015 (205)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950