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EPRA Announces New Reduced Fuel Prices for June 2024

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Fuel Prices Announcement
Fuel Prices Announcement

“The prices are inclusive of the 16% Value Added Tax (VAT) in line with the provisions of the Finance Act 2023, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020.” read part of the statement.

Fuel Prices and the Finance Bill 2024

The decrease in fuel prices comes a day after the Treasury Cabinet Secretary, Prof. Njuguna Ndungu read the budget for the financial year 2024/2025. It also comes in the same week when Transport CS, Kipchumba Murkomen proposed a plan to increase the Petroleum Development Levy from KES 18 to KES 25. This would mean that fuel prices would have to rise by at least KES. 7 to 9 per litre. The announcement comes in the wake of the online campaign dubbed #RejectFinanceBill2024 .

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Young Lawyer with a passion for vehicles.
Upcoming Motor Journalist.
L'écriture est ma passion.
Nissan Patrol Y 62 is the goal.
www.karimi.co.ke
karimi@spaceyamagari.com

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Karimi Junior
the authorKarimi Junior
Young Lawyer with a passion for vehicles. Upcoming Motor Journalist. L'écriture est ma passion. Nissan Patrol Y 62 is the goal. www.karimi.co.ke karimi@spaceyamagari.com

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