AdvertisementThe changes in motor fuel prices is a double-edged sword for some fuel dealers who had begun betting with the June pricing by hoarding the commodity to make a kill after today’s price revision. On average, motorists in Kenya consume 202 million litres of diesel every month compared to 155 million litres of petrol, according to data from the regulator. FUEL CONSUMPTIONThe coronavirus-driven drop in fuel consumption has pushed dealers on the edge — the low prices could have presented an opportunity for higher consumption. The dealers unsuccessfully tried to block the lowering of fuel prices last month, decrying low demand due to Covid-19 control restrictions. The prices could have fallen much lower, but an amendment to the taxable amount now means that motorists pay higher taxes.

Source: Daily Nation June 13, 2020 19:43 UTC