Energy and Petroleum Regulatory Authority (EPRA) has announced fuel price review after Parliament approves 16% VAT

Energy and Petroleum Regulatory Authority (EPRA) has announced that it will be reviewing fuel prices tomorrow, Friday 30 June. This decision comes in the wake of President William Ruto signed into law a bill that raises the fuel tax from 8% to 16% on June 26.

EPRA took to social media to inform the public about the upcoming fuel price review. However, their announcement has been met with widespread criticism from Kenyans. Many citizens have flooded the comments section, expressing their disagreement with EPRA’s decision. They argue that the law permits EPRA to review energy and petroleum prices only on the 15th of every month.

The anticipated review of fuel prices is expected to have a significant impact on consumers and businesses across the country. As fuel prices directly influence the cost of transportation and the prices of various goods and services, any increase in fuel prices may lead to higher living expenses for citizens.

The decision to raise the fuel tax has already sparked debate and controversy, with critics arguing that it will further burden Kenyan taxpayers. Proponents of the tax hike, on the other hand, argue that it is necessary to generate revenue for the government and support essential services and infrastructure development.

EPRA’s review of fuel prices will be closely watched by the public, who are eagerly awaiting the outcome.

The Publisher

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