The others are excise duty, Road Maintenance Levy, Petroleum Development Levy, Railway Development Levy, Anti-Adulteration Levy, Merchant Shipping Levy, Import Declaration Fee and Value Added Tax (VAT). Energy Cabinet Secretary Davis Chirchir last week published the Energy (Energy and Petroleum Regulatory Authority Petroleum Levy) Regulations, 2024 giving effect to the new charge. “The Energy Act (Petroleum Regulation Levy) Order, 2018 is revoked.”This is the first time the levy is being reviewed in six years. The petroleum levy contributes 80.7 percent of Epra’s total revenue. Fuel price highHowever, the increase in the petroleum levy means consumers will pay more at the pump even as fuel prices remain high.

Source: Daily Nation February 21, 2024 04:14 UTC