Kenya fuel prices rise sharply despite reduction in tax due to Iran war
Diesel prices rise by a record margin despite a reduction in value added tax.
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"Technological strength is translating rapidly and directly into geopolitical influence to a level the world hasn't seen for years."
— Jake Sullivan , Academic
"This intervention is aimed at protecting consumers from the steep increase in import costs arising from higher global prices."
— Joseph Oketch , Executive
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Diesel prices rise by a record margin despite a reduction in value added tax.
Kenya has increased diesel prices by KSh40 to KSh206 per litre and petrol by KSh28 to KSh206 per litre, despite reducing VAT from 16% to 13%, due to rising global oil prices amid the Iran conflict.
Diesel prices in Kenya have risen by KSh40.30 per litre, reaching KSh206.84, driven by higher international prices and shipping costs linked to the US-Israel war on Iran.
Kenya has raised its retail fuel prices by as much as 24.2% amid a spike in crude prices and squeezed petroleum supplies caused by the Middle East conflict, the East African country's energy regulator said late on Tuesday.
Fuel prices in Kenya have surged to unprecedented levels following a sharp rise in global oil prices and increased international shipping costs, with diesel rising by KSh40.30 to KSh206.84 per litre and petrol by KSh28.69 to KSh206.97 per litre.
Kenya's energy regulator announced a rise in retail fuel prices by up to 24.2% due to a spike in crude oil prices and a squeeze on petroleum supply caused primarily by the Middle East conflict.
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