Motorists around the country will be smiling this evening after the Energy and Petroleum Regulatory Authority reduced the fuel prices in the country, which has been a headache to most of the motorists.
Energy and Petroleum Regulatory Authority has reduced petrol by Ksh 5 per litre and that of Kerosene by Ksh 7.28. The new prices will start being used at midnight tonight with motorists in Nairobi paying Ksh 129.72 for petrol, Ksh 110.6 for diesel and Ksh 103. 54 for kerosene.
The energy regulatory board has also said the new prices are inclusive of a 8 percent VAT as per the regulations in the Finance Act 2018, The Tax Laws Act 2020 and the revised rates for excise duty adjusted for inflation as per the legal notice No. 194 of 2020.
The motorists in Mombasa will be paying Ksh 127.46 for petrol, Ksh 108.36 for a liter of diesel and Ksh 101. 29 for a litre of kerosene. Those in Kisumu will pay Ksh 130.12 per litre of Petrol, Ksh 111.3 for a litre of diesel and Ksh 104.26 for a litre of kerosene.
In Nakuru motorists will be parting with Ksh 129.24 for a litre of fuel, Ksh 110.43 for diesel and ksh 103.39 for kerosene while those in Eldoret will be paying Ksh 130.13 for petrol, Ksh 111.32 for diesel and Ksh 104.47 for kerosene.
The energy regulation board has said the lower prices have come as a result of the government reinstating the fuel subsidy that had kept the fuel prices stable from April.
The fall in fuel prices also reduces the pressure that has been building on the government to lower the prices but will narrowly reduce the high fares Kenyans have been paying of late.
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