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Petroleum Products And Amendment Bill 2021 Out

A week after the National Assembly Finance Committee tabled its report on pump prices, the Petroleum Products' (Taxes & Levies) Amendment Bill 2021 is out.

The latest developmengovernment comes few days after the government reviewed the taxes and levies on the petroleum Products in the country.

The move followed a public outcry more so by motorists that saw the Kenyan government apply subsidies on petroleum products, giving Kenyans a sigh of relief at the pump.

The Energy and Petroleum Regulatory Authority (Epra) in its latest monthly pricing guide sent to the media houses reduced the price of a litre of super petrol and diesel by Sh5, and kerosene will cost Sh7 less per litre.

Monthly Kenya National Bureau of Statistics (KNBS) data indicated that the cost of living increaaed by 6.91 per cent in September, from 6.57 per cent in August.

The reduction in fuel prices comes despite a shoot in the chargeable price of petrol and diesel, where petrol rises by 1.71 per cent from $548.36 per cubic metre in August to $557.74 in September.

Diesel rose by 3.10 per cent from $489.51 per cubic metre to $508.68.

The cost of importing kerosene however reduced by 4.1 per cent to $477.75 from $498.19 per cubic metre.

Content created and supplied by: Achienge (via Opera News )

Energy and Petroleum Regulatory Authority Epra Kenya National Bureau of Statistics Kenyans Levies

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