Household relying on Kerosene worst hit by petroleum price increase

The Energy Regulatory Commission (ERC) has reviewed prices of petroleum products with household relying on Kerosene worst hit. While a liter of Super Petrol and Diesel will retail cheaper by Sh8.80 and Sh7.35 respectively in Nairobi, the price of Kerosene will go up by Sh10 .71 to retail at Sh108 per litre.

“Pursuant to the Finance Act 2018, the Value Added Tax (VAT) on Super Petrol, Diesel and Kerosene has been revised from 16 per cent to 8 per cent. Accordingly we have recalculated the maximum pump prices that will be in force from September 21 to October 14 taking into account the VAT at 8 per cent,” ERC Director General Oimeke said.

Read more: Standard Digital



Print Friendly, PDF & Email