Fuel consumption falls on high pump prices

Fuel2

KRA collected an estimated Sh164.03 billion in fuel taxes between last July and December. PHOTO | SHUTTERSTOCK

Fuel consumption between July and September plunged to the lowest level in at least five years, with the decline coming amid increased taxation that negated the benefits of a drop in global prices, with local pump prices crossing the Sh200-mark for the first time.

Analysis of official data shows that diesel consumption dipped 4.3 percent to 658.09 million litres in the review period from 687.66 million litres a year earlier while that of super petrol fell to 497.46 million litres from 499.54 million litres.

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