The Energy and Petroleum Regulatory Authority (EPRA) has increased fuel prices significantly following the increase of Value Added Tax from 8 percent to 16 percent on the Finance Act 2023.
In a statement on Friday, June 30, EPRA stated that the price of petrol will increase by Ksh 13.49 per litre, diesel by Ksh 12.39 per litre and kerosene by Ksh 11.96 per litre.
“The Energy Petroleum Regulatory Authority (EPRA) has recalculated the maximum pump prices that will be in force from 1st July to 14th July 2023 taking into account VAT at 16%.
“As a result, the changes in the maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol, Diesel and Kerosene increase by KShs.13.49 per litre, KShs.12.39 per litre and KShs.11.96 per litre respectively,” the statement read in part.
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Super petrol in Nairobi will now be retailed at Ksh 195.53 while Diesel and Kerosene will retail at Ksh 179.67 and Ksh 173.44 respectively.
The new fuel prices come despite the High Court issuing conservatory orders blocking the implementation of the Finance Act 2023.
Lady Justice Mugure Thande of Milimani Law Courts issued the order following an application filed by Busia Senator Okiya Omtatah.
“That I am satisfied that the Application meets the test for conservatory orders and I do grant prayers 2 and 3 of the Application until 5.7.23 when the matter is scheduled for mention for directions,” the order read in part.
