Vivo Energy half-year sales drop by Sh2bn amid record fuel prices

Shell Petrol Station at Ruaraka.  

Photo credit: File | Nation Media Group

Vivo Energy’s revenues in the Kenyan market dipped by $16 million (Sh2.06 billion) in the half year to June 2024, as record high prices of fuel hit demand.

The multinational said its Kenyan unit booked revenues of $769 million (Sh99.16 billion) during the six months, compared to $785 million (Sh101.22 billion) the previous year, marking a marginal two percent drop.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.