According to the latest Energy & Petroleum Regulatory Authority (EPRA) evaluation, Kenyans will begin paying higher prices for the three petroleum products on Monday, May 15.
EPRA's Director General Daniel Bargoria stated on Sunday that the increase is due to the average cost of imported refined petroleum products, which has seen the landing cost of imports vary in price.
In March 2023, the landing cost of Super Petrol climbed by 8.63%, Diesel reduced by 2.51%, and Kerosene decreased by 1.13%.
Super Petrol, Diesel, and Kerosene prices will rise by Kshs.3.40 per litre, Kshs.6.40 per litre, and Kshs.15.19 per litre, respectively, under the review, which will be in effect until June 14, 2023.
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The cost of all three fuel types has risen, with the cost of super petrol in Nairobi now reaching Ksh.182.70 a litre, while Diesel and Kerosene have been increased to Ksh.168.40 and Ksh.161.13, respectively.
However, the diesel and kerosene subsidies have been eliminated.
According to Bargoria, the prices include 8% VAT following the conditions of the Finance Act 2018 and the new excise duty rates adjusted for inflation as per Legal Notice No. 194 of 2020.
This comes after President William Ruto defended his government's decision to raise VAT on gasoline goods from 8% to 16% on Sunday.
In a joint media interview from State House, Nairobi, Ruto, who had mentioned a "need to rethink" VAT on fuel during his presidential campaign last year, said the idea is to close loopholes that rogue actors exploit and provide the government more cash.
