New prices of fuel to be published as the 16% VAT increase on petroleum products takes effect

The grace period is finally over. effective midnight tomorrow, new fuel prices for the month of July will come into play as the Finance Act becomes a harsh reality. The energy petroleum and regulatory authority (EPRA) is set to review pump prices tomorrow after effecting the 16% VAT on petroleum products in line with the finance act of 2023. financial experts estimate that the cost of super petrol, diesel, and kerosene will soar by at least sh.12 per liter, setting in motion a grim chain effect that will impact kenyans from all walks of life.