Economy
Diesel And Kerosene Prices Reduced As Petrol Increased
Super Petrol increases by Kshs.1.48, Diesel and Kerosene decreases by Kshs.0.12 and Kshs.0.50 per litre respectively.
The prices are inclusive of 8 percent Value Added Tax (VAT) in line with the provisions of the Finance Act 2018 and the Tax Laws (Amendment) Act 2020.
The changes in this month´s prices are as a consequences of the average landed cost of imported Super petrol increasing by 2.65% from Ksh 34668.38 (US$ 319.23) per cubic metre in July 2020 to Ksh 35587.13 (US$ 327.69) per cubic metre in August 2020.
The average landed cost of imported Diesel decreased by 1.02% from Ksh 36193.12 (US$ 333.27) per cubic metre to Ksh 35824.97 (US$ 329.88) per cubic metre while for Kerosene decreased by 2.06% from Ksh 31277.89 (US$ 288.01) per cubic metre to Ksh 30634.97 (US$ 282.09) per cubic metre.
The Authority has also calculated the maximum wholesale prices of petroleum products in accordance with the Petroleum Act 2019.
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