Fuel prices in Kenya will remain unchanged after the Energy and Petroleum Regulatory Authority kept petrol, kerosene and diesel prices static in April.
Accordingly, a litre of petrol will continue trading at KSh122.81 in Nairobi, diesel KSh107.66 and a litre of Kerosene to retail at KSh97.85 until May 14.
In the latest review, EPRA did not provide reasons despite the landed cost of petrol increasing 9.27 per cent to $4491.50 per cubic metre compared to $449.82 in February. A cubic metre of diesel and kerosene also rose by 4.77 and 7.29 per cent respectively.
The prices are inclusive of the 8 per cent Value Added Tax in line with the provisions of the Fiance Act 2018.
In addition to the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No.194 of 2020.
“The effect of the retention of the fuel pump prices will steady fuel inflation at the elevated levels (March 2021: 15.8%) and a gradual uptick in the headline inflation print over the near-term,” Genghis Cross Asset Weekly Strategy dated 19 April 2021.
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