Fuel and imports' prices to go up
12 July 2013, 12:03
Nairobi - The new Railway Development Levy is set lead to general rise in cost of goods for consumers, as prices for petroleum products rise by KES 2 per litre next week.
Business Daily reports that as of July 1, the state started collecting the 1.5 per cent duty on all imports, including fuel, motor vehicles, medicine, second-hand clothing and edible oils in a move that is set to erode consumers’ purchasing power.
Motorists, households, manufacturers, and power producers will see the cost of kerosene, diesel, and petrol rise by between KES 1.2 and KES 1.8 per litre from Monday, going by current pump prices as the new levy is factored into the next petroleum price review.
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