Editor's Review

The prices of petroleum are set to hit a record high with the current status already causing Kenyans pain.


The Energy and Petroleum Regulatory Authority (EPRA) will on Friday announce the new costs of Petrol, diesel and Kerosene.

This follows the signing of the Finance Bill into law thus paving the way for the increment of Value Added Tax on fuel from 8 percent to 16 percent.

"Following the enactment of Finance Act 2023, we will on Friday 30th June announce reviewed maximum petroleum Pump prices," EPRA said.

EPRA is mandated with setting the precise of the commodity every month.

The adjustments are often announced on the 15th of every month but with the ending Financial year, the Authority has no option to announce new prices that will be effective July 1.

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The current Financial year ends June 30th.

President William Ruto signed into law the Finance Bill, 2023 introducing a 16 percent VAT on petroleum products. 

The signing of the Bill happened on Monday, June 26.

President William Ruto signing Finance Bill into law on Monday, June 26.

The prices of petroleum are set to hit a record high with the current status already causing Kenyans pain.

At least 184 MPs—largely from Kenya Kwanza—supported the bill raising fuel VAT save for Githunguri MP Gathoni Wamuchomba, whereas 88 MPs—largely from Azimio—opposed the amendment.

With the increase in VAT, it is estimated that petrol would from July 1 be sold at Sh196 per litre, Sh180.4 for diesel, and Sh173 per litre for kerosene.