Motorists using diesel will experience the highest relief in cost of fuel as Kenyan energy regulator effects highest cut in price of the commodity in more than 10 years.
The maximum pump price for diesel is now set at Sh.78.38 per litre from Sh. 97.56 in the country’s capital city, Nairobi. last month diesel prices fell by Sh 4 a litre, the lowest margin compared to Petrol and Kerosene.
Price of Super Petrol has decreased by Sh 9.54 per Litre to Sh 83.33 per litre, as Kerosene prices increases to Sh 79.77 per Litre.
The new prices have been announced by Kenya’s Energy and Petroleum Regulatory Authority in its monthly review.
“The computation of the pump prices, which are expected to take effect midnight as taken into, account the changes effected by the Tax Laws (Amendment) Act of 2020.The new law made taxes and other levies part of the vatable amount in the calculation of VAT for petroleum products.“ said EPRA Director General, Pavel Oimeke.
Many households relying on kerosene for cooking and lighting houses will have to contend with higher price for the commodity by Sh 2.49 per litre more from last months Sh. 97.56 per litre until kerosene cargo docks at the port of Mombasa.
“No Kerosene cargo was discharged at the port of Mombasa for the period April 10-May 9 and therefore the prevailing Kerosene price has been maintained but with the adjustments in VAT calculations,” the authority explained.
The new adjustments in fuel costs take effect on Thursday midnight until June 14.