The cost of fuel in the country is set to rise in what the Kenya Revenue Authority termed adjustments on specific rates of excise duty on all petroleum products in the inflation.
In a new public notice, the tax man has adjusted the specific rates of excise duty by 6.3 percent which represents the average inflation rate across 12 months to June 2022.
The adjusted specific rates are set to become effective on October 1, 2022.
The new rate of excise duty for super petrol is set to stand at Ksh.22,878.60 from the current rate of Ksh.21,953.02 per 1,000 liters of the product.
The rate of excise duty levied on kerosene is meanwhile set to rise from Ksh.11,370.98 to Ksh.12,087.35 after the adjustment
KRA is widely expected to apply the provision in pausing adjustments of excise duty on crucial items such as petroleum when the amendment kicks in on January 1, 2023.
Adjustments to the rate of excise duty on petroleum products would escalate the prices of fuel at the pump in spite of the costs already standing at a premium.
KRA has invited public comments on the expected adjustments which are to be submitted via email on or before September 16.
Other products set for the excise duty adjustments include SIM cards, motorcycles, cigarettes, wines & spirits, beer, fruit juices, bottled water and sweets.