Saturday, November 23, 2024

Gov’t silently hikes Road Maintenance Levy Fund despite contention

Energy and Petroleum Regulation Authority (EPRA) has on Sunday silently hiked the Road Maintenance Levy Fund from Ksh 18 to Ksh 25.

The increment which was contrary to the countrywide public participation drive where players in the sector were against it and even confirmed by the CS Kipchumba Murkomen who vowed to go as per their recommendations.

“We will only make this decision when we are certain that any revenue measures adopted will not result in a rise in the cost of living,” said Murkomen

Murkomen continued by revealing that the country was already facing a Ksh 78 billion shortage in the collection of the maintenance levy as at the end of the 2024 fiscal year with the amount set to hike 315 billion come the 2028/29 financial period.

As suggested by Kenyans, we will only make this decision when we are certain that any revenue measures adopted will not result in a rise in the cost of living,” he said

The news came amid reduction in fuel prices by Ksh 1, Ksh 1.5 and Ksh 1.30 of Super Petrol, Diesel and Kerosene respectively.

“In the period under review, the maximum allowed petroleum pump price for Super Petrol, Diesel and Kerosene decrease by KShs.1.00, KShs.1.50 and KShs.1.30 per litre respectively.

Super Petrol, Diesel and Kerosene will now retail at Kshs.188.84, Kshs.171.60 and Kshs.161.75 respectively in Nairobi starting midnight.” said EPRA

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