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Petrol, diesel prices revised downwards as kerosene up Sh10

Following the changes super petrol has gone down by Sh8.80 per litre, diesel by Sh7.35 while kerosene has increased by Sh10.71 per litre/FILE

NAIROBI, Kenya, Sep 21 – Energy Regulatory Commission (ERC) has revised the fuel prices following the enactment of the Finance Bill 2018.

Following the changes super petrol has gone down by Sh8.80 per litre, diesel by Sh7.35 while kerosene has increased by Sh10.71 per litre.

The calculations have taken into account the anti-adulteration levy of Sh18 per litre on Kerosene in line with the Finance Act 2018 that President Kenyatta signed Friday morning.

In Nairobi super petrol we now retail at Sh116.79 while diesel will retail at Sh106.12.

Kerosene goes up to retail at Sh108.41 per litre.

In Mombasa, super petrol will retail at Sh114.15, diesel at Sh105.50 and kerosene at Sh106.78 while in Nakuru super petrol will retail at Sh117.25, diesel at Sh108.81 and kerosene at Sh109.10.

In Eldoret, a litre of super petrol has hit Sh118.26, diesel at Sh109.81 and Kerosene at Sh110.90.

The Finance Bill 2018 reviewed the VAT on petroleum products from 16 percent to 8 percent in a contentious vote in parliament on Thursday.

Through his twitter account, the Head of State gave his commitment to ensure proper utilization of public resources.

“I have signed into law the Finance Bill 2018. I give my commitment that I will ensure proper utilisation of public resources for a better Kenya. I will not relent on the war against Corruption,” he stated.

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The new tax measures on fuel products are aimed at bridging the revenue gap, aimed at raising Sh35 billion.

There was drama in Parliament Thursday afternoon following a bitter dispute between MPs who voted for and against the proposal.

Those against the move insisted they carried the day and have accused Temporary Duty Speaker Soipan Tuya of declaring wrong results after the vote.

As soon as the outcome was pronounced, MPs stood on their feet prompting the temporary speaker to order a division.

Tuya asked the Clerk of the National Assembly Michael Sialai to count the members but only 215 members were in House which doesn’t meet the threshold.

President Kenyatta emphasised his commitment in ensuring that public resources are utilized effectively.

He added that he will not relent on the war against corruption and asked Kenyans to join him to make Kenya a better place.

The two Bills were presented to President Kenyatta for signing by National Assembly Speaker Justin Muturi.

Present during the signing at State House, Nairobi, were Deputy President William Ruto, National Assembly Majority Leader Aden Duale and Head of Public Service Joseph Kinyua.

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Others were National Treasury Cabinet Secretary Henry Rotich, Attorney General Paul Kihara Kariuki, Principal Secretary Kamau Thugge, Solicitor General Kennedy Ogeto and National Assembly Clerk Michael Sialai.

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