Why the hell is petrol ranging at 186.31kes ??
Lets do a breakdown cost per litre
•The cost of importing 1 litre of Refined petrol,is 81.88kes- This includes the cost of crude oil,refining it,shipping it,insurance and handling it at the port. 81.88kes
•The VAT (16% general government revenue) on this petrol - is 22.09kes per litre
• The excise duty- Another Tax aimed at also generating revenue and addressing things like environmental impact, is - 21.95kes per litre
.Road maintenance levy- a fuel levy is tax imposed on petrol and diesel to fund specific public initiatives. In this case Road maintenance to maintain the 239,122 kilometer road network in kenya. This costs - 25kes per litre
• To fund the operations of EPRA- 0.75kes per litre
•Railway development levy - To support the development and maintenance of Railways in kenya like SGR - 1.56kes per litre
• Import declaration fee- Ati charged on all imported goods to regulate trade,for this petrol is charged - 1.65kes per litre
• Merchant shipping levy- supports maritime and port activities/services. For this petrol is charged 0.03kes per litre
• Wholesale price by Oil marketing companies like Shell,Total energy,Rubis etc who import this refined fuel - Their profit is 6.14kes per litre
• Retail prices in fuel stations- this covers operating cost of and investment costs if Fuel stations- theirs is 11.25kes per litre. And do not forget majority of these fuel stations are owned by the OMCs wholesalers who already took the 6.14kes
.Transport and storage of fuel from mombasa,storage in depots by the OMCs.- here they cut another 4.30kes per litre.
Total cost 186.31kes per litre.
As a country that had earlier started exporting crude oil,the pricing is insane. Total madness
The double taxing to pay for loans that are speculated to not be reflecting on Government books must end. Wananchi hatufai kuwa tunafinywa namna hii simply because some bastards somewhere are want generational wealth.
You tell me there is no agenda for me to protest? Heres one of the many! Ruto must go as soon as possible