The Energy and Petroleum Regulatory Authority (EPRA) has announced fuel prices for the period between February 15 and March 14.
In the announcement made by EPRA on Tuesday, February 14, the authority maintained fuel prices from the last period.
Petrol will retail at per litre Ksh129.72 at the pump, while diesel will retail at Ksh110.60 in Nairobi. On the other hand, Kerosene at Ksh103.54 as in the last period
Despite the increase in the landing costs of petroleum and diesel, the government maintained fuel prices for the fourth month in a row. This was enabled by the utilization of the Petroleum levy.
“The Government will utilise the Petroleum Development Levy to cushion consumers from the otherwise high prices.
“The prices are inclusive of the 8% 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.
More to follow…