Shell Petrol along Mombasa road on September 18, 2023. [File, Standard]
Fuel prices will remain unchanged for the next month.
The Energy and Petroleum Regulatory Authority (Epra) also retained value-added tax on petroleum products at 16 per cent despite the Court of Appeal ruling that the Finance Act, 2023 is unconstitutional.
The Act increased VAT on fuel to 16 per cent from eight per cent. Industry players had noted that reducing VAT to eight per cent would have had a significant impact on pump prices.
Halving VAT on fuel could have knocked more than Sh10 off the retail price of super petrol.
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