Okiya Omtatah, a senator from Busia and an activist, the Law Society of Kenya, and three other parties petitioned the High Court for an injunction to halt the implementation of the Finance Act 2023 while their claims are being considered and decided.
LSK asks the court to declare the Act illegal in their case, contending that Members of Parliament broke the law, especially the statute governing public participation, and that the bill is unconstitutional.
On Monday, June 26, President William Ruto signed the Finance Bill 2023 into law after it had been approved by the National Assembly.
According to the Act, the value added tax will increase from 8% to 16% as of July 1.
According to a statement released by Epra yesterday, “Epra has recalculated the maximum pump prices that will be in effect between July 1, 2023, and July 14, 2023, taking into account VAT at 16%.”
As a result, the price of gasoline will rise by Ksh 13.49, that of diesel by Ksh 12.39, and that of kerosene by Ksh 11.96.
Retail prices for gasoline in Nairobi will be Ksh195.53, diesel Ksh179.67, and kerosene Ksh173.44.
These new costs will be in effect until June 14 when EPRA will declare new costs. Depending on the results of their review, prices may rise, fall, or stay the same.
In Mandera, a litre of Petrol will retail at Ksh209.53; Diesel (Ksh193.67) and Kerosene (Ksh187.44).
In Eldoret, a litre of Petrol will sell at Ksh195.36; Diesel (Ksh179.89) and Kerosene (Ksh173.69).
In Kisumu, a litre of Petrol will retail at Ksh195.34; Diesel (Ksh179.89) and Kerosene (Ksh173.68).
In Nakuru, a litre of Petrol will go for Ksh194.60; Diesel (Ksh179.14) and Kerosene (Ksh172.93).
In Mombasa, a litre of Petrol will go for Ksh192.48; Diesel (Ksh176.63) and Kerosene (Ksh170.40).
