Kenyan Economy

Expect more pain at the pump: Mining and petroleum CS John Munyes warns kenyans

Kenyans have been warned that the prices of fuel will continue going up. Image/courtesy

Mining and petroleum cabinet secretary John Munyes has warned Kenyans that fuel prices will most likely be adjusted upwards again this month and his ministry has no means of intervening.

Appearing in the Senate Energy Committee on Wednesday, March 31, CS Munyes said that motorists should not expect any relief from the Energy and Petroleum Regulatory Body (EPRA) when it will be reviewing prices because of the higher taxes and levies.

“Kenya charges the highest taxes on fuel regionally. Taxes and levies are the biggest contributors to the prices. As global oil prices escalate, we expect the prices in the country as well to go up,” the CS said.

Munyes warned that he was helpless and there is nothing his ministry can do to arrest the increasing prices of fuel in the country.

His statement irked Narok Senator Ledama Ole Kina who told off the CS and vowed to follow up on the issue.

Currently, the prices of fuel in Nairobi are as follows; Super petrol Sh122.81, Diesel at Sh107.66 and Kerosene at Sh97.85.

The prices are the highest ever in the last one decade and EPRA said that they were inclusive of the 8 percent Valued Added Tax (VAT) which is in line with provisions of the Finance Act 2018 and the revised rates for excise duty.