EPRA Retains July 2024 Fuel Prices for August. According to the Energy and Petroleum Regulatory Authority (EPRA). Kenyans will continue to pay the same fuel prices that they have maintained.
However, the lasting effects of recent tax hikes eclipsed the Ksh1 cut announced last month, leaving customers to wonder if the reforms will provide any relief.
Super Petrol’s Nairobi rates are still Ksh188.84 per litre according to the most recent EPRA review, a Ksh1 drop. The price of diesel dropped by Ksh171.60 to Ksh1.50 per , while the price of kerosene has decreased by Ksh1.30 to Ksh161.75 per litre.
Following a prior assessment in which fuel prices were also lowered by comparable amounts.
The High Court’s recent nullification of the Finance Act 2023, which had introduced the doubled VAT, adds another layer of complexity to the situation.
The reversal of the VAT increase is expected to a notable impact on fuel prices in the upcoming pricing cycles. Potentially reducing costs by more than Ksh10 per litre. EPRA Retains July 2024 Fuel Prices for August
However, the benefits of this VAT cut are likely persistent effects of the raised RML.
Kenyans, who grappling with high living costs, are expressing mixed reactions to the latest price adjustments.
Even though many people think that any drop in fuel prices is beneficial with different opinion. Others believe that it is only little so, particularly given the additional taxes that have continued to raise the price of necessities. Also, read
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