Fuel Prices Remain Unchanged in Kenya to Tame Inflation

The price for the fuel in the country will remain unchanged for the next one month, according to the Energy and Petroleum Regulatory Authority.

Fuel prices remain unchanged in all the major towns in Kenya over the next month to August 14, 2021, on Wednesday, according to the latest review from the Energy and Petroleum Regulatory Authority (EPRA).

This is the fourth consecutive month that the Diesel and Kerosene prices have remained unchanged.

This is attributable to the implementation of the government’s fuel price stabilization fund established in June by the National Treasury.

The Ksh.1.4 billion fund is used to compensate oil marketers as payments for haircuts taken to cushion Kenyans from higher fuel prices.

“In the period under review, the price of Super Petrol, Diesel, and Kerosene remains unchanged,” said Epra in a statement. This means that the government has decided to continue with the cushioning of Kenyans through subsidies.

The price of petrol in Nairobi will remain at Ksh.127.14 per litre while that of diesel and kerosene will stand at Ksh.107.66 and Ksh.97.85.

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.

Kenya Inflation Up More Than Expected in June at 6.32%