Super Petrol Up By Ksh 3, Diesel By Ksh 6, And The Hustlers Say “Amen”

By Juma / Published May 15, 2023 | 8:18 am




KEY POINTS

A liter of Super Petrol has been increased by 3.40 shillings. A liter of Diesel has gone up by 6.40 shillings. Kerosene has gone up by a whopping 15.19 shillings.


Super Petrol

KEY TAKEAWAYS


The cost of fuel in Kenya is determined by the more than 13 taxes that are levied on each liter that every Kenyan buys.

A liter of Super Petrol attracts an excise duty of 21.95 shillings, road maintenance levy of 18 shillings, Petroleum development levy of 5.40 shillings, and import declaration fee of 3 shillings among others.


And the people went to the new King, and they said unto him, “Your father treated us fairly, he gave us fair taxes and was kind. What will you do for us?”

And the King looked at them and said, “If my father was kind to you, I will be cruel. If my father used a stick to punish you, I will use the skin of a horse. If my father gave you fair taxes, I will triple them.”

The case is no different in Kenya with Hustlers now about to scream and wail at gas stations after the price of Super Petrol, Diesel, and Kerosene were increased by the Energy Petroleum and Regulatory Authority (EPRA).

Related Content: How Kenya’s Government Can Address The Multiple Challenges Facing The Country And Turn Around The Economy

In the new announcement, a liter of Super Petrol has been increased by 3.40 shillings. A liter of Diesel has gone up by 6.40 shillings. Kerosene has gone up by a whopping 15.19 shillings. In Bukusu, we say “Khabusie!”

Super Petrol

The Authority has now dropped the fuel subsidy that was on Kerosene, a move that is going to hurt at least 60 percent of Kenyan households that use kerosene for both heating and lighting.

Related Content: As The Economy Goes Through The Doldrums; Here Are 20 Investment Options Kenyans Have In 2023

Ironically, only the landed cost of Super Petrol increased during the review period. The landed costs of both Diesel and Kerosene decreased. The huge increase has come as a result of the removal of subsidies.

Super Petrol

The cost of fuel in Kenya is determined by the more than 13 taxes that are levied on each liter that every Kenyan buys. A liter of Super Petrol attracts an excise duty of 21.95 shillings, road maintenance levy of 18 shillings, Petroleum development levy of 5.40 shillings, and import declaration fee of 3 shillings among others.

Super Petrol

This latest increase is going to hit hard on Kenyans. Kenyans are already struggling with making ends meet and the current increase in fuel prices is a huge burden on millions of them.

What will be the impact of this increase?

Simple. Kenyans are about to experience one of the highest inflation rates. Traditionally, inflation rates in Kenya depend on fuel prices, especially Diesel.

Diesel is used to power engines and generators in factors, hence the cost of production will go up. Diesel is most used within the transport sector, same with Super Petrol, the cost of transport will, therefore go up.

Nobody starts a business to make losses. All the increase in the cost of production will be transferred to the customer. The customer will bear the burden.

Those who were dreaming of affordable unga will have to go back to dreaming because that is not going to be possible with the current fuel prices unless subsidies are returned and our President has rejected subsidies.

Related Content: 10 Reasons Why Over-Taxation Of Kenyan Businesses Is Counterproductive To The Economy




About Juma

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it.(020) 528 0222 or Email: info@sokodirectory.com

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