Fuel prices drop following revision of tax on petroleum products
The Energy Regulatory Commission has announced lower fuel prices following the revision of the VAT on petroleum products from 16 per cent to eight per cent.
ERC Director General Pavel Oimeke said the new prices to be in force from today to October 14 have also taken into account the anti-adulteration levy of Sh18 per litre on Kerosene in line with the Finance Act 2018 that was assented to by President Uhuru Kenyatta on Friday.
“As a result, the pump prices per litre in Nairobi of Super Petrol and diesel decrease by Sh8.80 and Sh7.35 respectively, while that of Kerosene increases by Sh10.71,” Mr Oimeke said in a statement Friday.
Super petrol will retail at Sh116.79 in Nairobi, diesel at Sh108.12 and Kerosene at Sh108.41 per litre.
In Mombasa, a litre of super petrol will now be sold at Sh114.15, diesel at Sh105.50 and Kerosene at Sh105.78.