Kenyans will continue to be pinched at the pump after the Energy and Petroleum Regulatory Authority increased the price of super petrol by a whopping Ksh.13.49, pushing the price of petrol to a new height of Ksh.195.53.The move by EPRA to amend the Value Added Tax (VAT) requirement on fuel from 8% to 16% is in direct defiance of a High Court ruling that barred the implementation of the contentious Finance Act, 2023.
According to an available source seen by the writer, You will need at least Ksh 5,000 to travel from Nairobi to Mandera.
This is after the matatu operators plying the route announced a fare hike after EPRA increased fuel prices.Initially, the fare was Ksh 3,000.
Fuel, being a vital commodity for transportation, manufacturing, and other industries, plays a crucial role in the economy.
As the cost of fuel rises, it will have a ripple effect on transportation costs, affecting commuters, businesses, and the overall cost of goods and services.
The transportation sector, including public transportation and logistics companies, will face the immediate brunt of the fuel price hike.
With higher fuel expenses, transport operators are forced to increase fares to maintain profitability.
Most Kenyans are struggling to make ends meet amid the high cost of living.
Prices of basic commodities have skyrocketed since President William Ruto took the oath of office despite his promise to lower the cost of living through the bottom-up economic model.
Netizens react:
Kemboi wrote;
I regret to why I woke up very early just to queue and vote for ruto I feels betrayed better uhuru
Toto wrote;
Everything is on the increase now as fuel suppoerts most machinery the cost of production increases increases prices of commodities😂😂then NHIF then House levy na Bado ndo mwaka ya kwanza.
by: Rossy