Petrol to hit record high minus subsidy

PETROL-PRICES

A customer attendant at Total petroleum station on Kimanthi Street, Nairobi. NMG PHOTO

Petrol prices will from midnight increase to the highest level in Kenya’s history unless the State subsidises the rising crude oil costs in what may further stoke public outrage over the high cost of living.

Estimates from the Energy ministry indicate that the price of petrol will increase by at least Sh3 a litre in the absence of a subsidy, pushing the cost of the commodity to Sh130 in Nairobi— which will be the highest in Kenya’s history.

PAYE Tax Calculator

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