Pump prices will almost reach Sh200 per litre if President William Ruto’s administration’s proposal to quadruple Value Added Tax (VAT) on fuel is approved by Parliament.
However, collections are reliant on fuel consumption and global crude oil prices, making Kenya the most expensive nation in the region.
“We are not overtaxing ourselves. But to balance it out, as we add eight percent on the same fuel, I have removed the Railway Development Levy (two percent) and Import Declaration Fee (3.5 percent),” President William Ruto
Energy and transportation costs account for a sizable portion of the basket of goods and services used to calculate inflation in Kenya, with consumers currently paying Sh182.70 per litre of Super, Sh168.40 for diesel, and Sh161.13 for a litre of kerosene. These prices are the highest in Kenya since the State started regulating pump prices.
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