This reduction is expected to offer Kenyans a reprieve at a time when the cost of living is off the rails.
The Energy Regulation Commission (ERC) has offered a Valentine’s Day…
Following the changes, Super petrol will from midnight Wednesday retail at Ksh118.11, Diesel Ksh 112.83 and Kerosene Ksh 111.83 in Nairobi
Cytton, however, says it expects it to rise in the second half of this year but a lower rate than earlier anticipated due to the halving of the VAT charge on fuel to 8.0% from the earlier 16.0%
The ripple effect of the hike in the price of fuel is already being felt across the country
Regulator attributes the hike to a increase in the average cost of importing super petrol, diesel and kerosene and trading of the Kenya Shilling to the Dollar
Regulator says increases are the result of the average landed cost of imported super petrol rising by 7.45% from US$21.40 per ton in July to US$560.40 per ton in August
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