Consumers are bracing for historic high pump prices from Friday midnight after the doubling of value added tax (VAT) to 16 percent, in what will spark fresh inflationary pressure and further squeeze pockets.
The Energy and Petroleum Regulatory Authority (Epra) will Friday gazette the new prices, which are expected to be significantly higher than the Sh182.04 and Sh167.08 per litre of super and diesel respectively in Nairobi.
