A tuktuk driver pushed his vehicle after he ran out of fuel along Fontanella round about in Mombasa in Jan 2015. Fuel prices for the month of December to mid-January are set to drop marginally beginning midnight. PHOTO | LABAN WALLOGA
What you need to know:
The prices of petrol, diesel and kerosene in Nairobi will therefore be Sh90.6, Sh78.51 and Sh53.27 a litre respectively.
Fuel prices for the month of December to mid-January are set to drop marginally beginning midnight, with diesel users escaping the new excise duty charge as most of the imports had been discharged before December 1.
Petrol prices eased by Sh0.4 while diesel prices dropped by Sh1.15 per litre, the Energy Regulatory Commission announced Monday.
Kerosene will retail at Sh1.54 per litre less during the month.
Petrol, diesel and kerosene will retail at Sh90.6, Sh78.51 and Sh53.27 a litre in Nairobi respectively.
Exercise duty
“In line with exercise duty Act of 2015, one cargo of diesel has been increased by Sh2.061 a litre. The other diesel cargoes considered in this price review remain unaffected since their dates of discharge were before the effective date of the new exercise tax Dec 1, 2015,” ERC said in its latest fuel price update.
Most consumer goods are transported with diesel powered engines meaning there will be minimal, if any upward pressure on prices arising from diesel prices.
The prices are effective from December 15, 2015.
Crude oil prices continued to trend lower as key producers like Saudi Arabia refused to cut production, opting to maintain their market share.
PAYE Tax Calculator
Note: The results are not exact but very close to the actual.
