NAIROBI, Kenya, June 29 – Kenyans will have to pay more for fuel as the Energy and Petroleum Regulatory Authority (EPRA) moves to include the additional 8 percent value added tax (VAT) on the products.
In a public notice, EPRA says that the new prices will be effective starting this week.
Increased fuel prices come after President William Ruto vetoed the 2023 Finance Bill that recommended VAT on petroleum products be increased to 16 percent from the current 8 percent.
“Following the enactment into law of the finance Act 2023, we will on Friday announce reviewed maximum petroleum pump prices,” the regulatory body said.
Changes in the price of fuel are set to have a ripple effect on all spheres of the economy, such as transport and manufacturing, driving up the prices of goods and services.
Already, a liter of petrol retails at Sh182.7 in Nairobi, Diesel at Sh168.4, and kerosene at Sh161.13.
In protest, the Azimio Coalition urged its followers early this week to resist the new law by leaving their cars home.
Odinga told a rally in Kamukunji on Wednesday that the Kenya Kwanza government had betrayed Kenyans, hence the need to boycott.
“Let us deny Ruto the fuel tax by limiting consumption of petrol and diesel. One way to do this is to carpool. Let us arrange to make regular journeys in a single vehicle whenever possible. Give each other a ride. Cut down on non-essential travel. Walk instead of driving whenever possible,” he said.
