Kenyans will soon benefit from lower fuel prices, according to a move by members of the National Assembly to halve the tax on the items. According to a statement obtained from the National Assembly Finance & Planning Committee, MPs suggested that the development fee on petroleum and diesel be reduced from Ksh5.40 to Ksh2.90 per litre.
Kenyans may breathe a sigh of relief at the gas station after the Energy and Petroleum Regulatory Authority cut the prices of all three types of gasoline in its most recent assessment (EPRA). From midnight on Friday, the price of gasoline and diesel will be Ksh.5 cheaper, while kerosene will be Ksh.7.28 cheaper.
Kenyans have been feeling the pinch on the increased fuel prices for sometime now imposed by the Energy And Petroleum Regulatory Authority. This attracted mixed reactions from different leaders the latest being the deputy president Dr William Ruto who pointed out that cartels at the Ministry of Petroleum have been reaping high profits from the high prices.
The Kenyan Blogger Robert Alai has revealed how the governments are exploiting Kenyans with massive taxes on the fuel prices. Alai claimed the VAT has been introduced is charged on other taxes and the Petroleum Development Levy has also been increased from 0.40 to 5.40 which is not normal. “We are taxing taxes. How do you charge VAT on taxes? How do you increase Petroleum Development Levy from 0.40 to 5.40 at this time? The govt is really exploiting people massively. What I have not understood is why we
The controversial Petroleum Development Levy is set to be investigated,which is partly to blame for the hike of fuel prices in the country. The speaker of the National Assembly,Justin Muturi,said the house had received a petition to look into the levy that was increased by more than 1,000 per cent last year to Sh5.40 from Sh0.40 per litre of diesel and petrol.