The review follows provisions outlined in the Petroleum Act 2019 and Legal Notice No.192 of 2022, which guide monthly fuel price adjustments in Kenya.
In the latest review period, motorists will experience a significant increase in fuel costs. The price of Super Petrol has risen by KSh 28.69 per litre, while Diesel has increased by KSh 40.30 per litre.
However, the price of Kerosene remains unchanged during this cycle.
In Nairobi, the updated pump prices now stand at KSh 206.97 per litre for Super Petrol, KSh 206.84 per litre for Diesel, and KSh 152.78 per litre for Kerosene.
These new rates take effect at midnight and will remain in place for the next 30 days, affecting households, businesses, and transport sectors across the country.
The announced prices are inclusive of Value Added Tax in line with the VAT Act 2013 and other relevant tax laws.
These include the Finance Act 2023, the Tax Laws Amendment Act 2024, and revised excise duty rates adjusted for inflation under Legal Notice No.194 of 2020.
To ease the burden on consumers, the government has reduced the Value Added Tax on petroleum products from 16 percent to 13 percent.
This move is intended to cushion Kenyans from the rising landed costs of fuel driven by high international oil prices.
Additionally, the government will utilize approximately KSh 6.2 billion from the Petroleum Development Levy Fund to stabilize pump prices.
This intervention aims to prevent further sharp increases and provide temporary relief to consumers already struggling with the high cost of living.
Despite these measures, the fuel price increase is expected to have a ripple effect across the economy, including higher transport and production costs.
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