This archive report was first published on 14 July 2020.
On July 14, 2020, the Energy and Petroleum Regulatory Authority (EPRA) implemented a significant increase in the prices of petroleum products, effective at midnight.
The price hike affects super petrol, diesel, and kerosene, with prices rising by Sh11.38, Sh17.30, and Sh2.98 per litre respectively.
The new prices are inclusive of the revised rates for Petroleum Development Levy on super petrol, diesel, and 8% Value-Added Tax, as per the Finance Act 2018 and the Tax Laws Amendment Act 2020.
According to Pavel Oimeke, EPRA Director-General, the kerosene price has been maintained but adjusted for the under-recovery of Value-Added Tax by oil marketing companies in the previous cycle.
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