The price of petrol has decreased by Sh0.85 while that of kerosene had decreased by Sh3.96.
The cost of diesel has remained unchanged .
The new prices are Sh194.68 for petrol, diesel continues retailing at Sh179.67 and kerosene will go for 169.48 per litre.
The Energy and Petroleum Regulatory Authority (EPRA) said the maximum retail pump prices will be in force from Saturday, July 15 to August 14, 2023.
This comes two weeks after the Authority increased the prices in line with the 16 per cent VAT.
On July 1, EPRA increased the price of petrol by 13.49, diesel by Sh12.39 and kerosene by Sh11.96.
"Pursuant to the Finance Act, 2023, the VAT on Super Petrol (PMS), Diesel (AGO) and Kerosene (IK) has been revised from 8 per cent to 16 per cent effective 1 July 2023. EPRA has recalculated the maximum pump prices that will be in force from 1st July to 14th July 2023 taking into account VAT at 16 per cent," a statement read.
This was after the High Court on June 30, suspended the Finance Act 2023, which houses the doubling of VAT on fuel.
This was a day after it was scheduled to come into force amid uproar over the tax proposals.
EPRA however, proceeded to effect the increment.
