Kenya fuel prices rise sharply despite reduction in tax due to Iran war
Summary
Kenya has increased fuel prices sharply despite lowering the fuel tax, due to higher global oil and shipping costs caused by the war involving Iran. Diesel prices rose by 40 Kenyan shillings per liter, and petrol prices also increased, while fuel shortages have been reported in some areas.Key Facts
- Diesel price was raised by 40 Kenyan shillings to 206 shillings per liter.
- Petrol price increased by 28 shillings to a similar level.
- The government cut the value added tax (VAT) on fuel from 16% to 13%.
- The price changes will be valid until 14 May.
- Fuel shortages have occurred despite government claims of sufficient stocks.
- A disputed fuel shipment imported last month caused public concern and investigations.
- The Energy and Petroleum Regulatory Authority did not include the disputed fuel in the new prices.
- Price rises are linked to the global fuel crisis resulting from the war involving Iran and US-Israel.
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