Benn5 รีทวีตแล้ว
Benn5
9.4K posts
Benn5 รีทวีตแล้ว
I really can’t believe these prices 😭🙆🏾♀️ Kenya is already expensive and now this ?
Mwango Capital@MwangoCapital
𝐑𝐨𝐮𝐧𝐝𝐮𝐩 𝐨𝐟 𝐓𝐨𝐝𝐚𝐲'𝐬 𝐓𝐨𝐩 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐂𝐨𝐧𝐭𝐞𝐧𝐭 [𝟏𝟓𝐭𝐡 𝐀𝐩𝐫 𝟐𝟎𝟐𝟔]: 1. EPRA has raised fuel prices for the April 15 – May 14 cycle, with Super Petrol up KES 28.69 to KES 206.97 and Diesel up KES 40.30 to KES 206.84, while Kerosene remains unchanged at KES 152.78. The adjustment reflects a sharp surge in landed costs, with Petrol up 41.53% and Diesel up 68.72%, partially cushioned by a VAT cut to 13% and ~KES 6.2B support from the Petroleum Development Levy.
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Benn5 รีทวีตแล้ว
This was in 2024 for those who keep talking about global prices .
Willis Evans Otieno@otienowill
How on earth is fuel still priced at 175/- per liter when global crude prices have dropped by nearly 50%?
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Benn5 รีทวีตแล้ว
September 2018, parliament and Uhuru reduced it to 8%.
July 2023, your boss increased it to 16% again.
That I agree is extremely painful.
-Dennis Itumbi, CBS@OleItumbi
16% VAT on fuel. That I agree is painful.
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Benn5 รีทวีตแล้ว
The question that @EPRA_KE needs to answer.
We have always been told the purpose of G2G is to cushion us from external shocks. Now our fuel has gone up because of the war
Why did our fuel prices not go down when global fuel prices were at an all time low last year?
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Benn5 รีทวีตแล้ว
"We got into the G2G to protect against fluctuations in fuel prices" and other long stories. This kleptocratic government lies through the teeth usiku na mchana. Just so you know, fuel prices are never coming below 200 again unless it's towards the 2027 election.
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Benn5 รีทวีตแล้ว
We were told the G-to-G fuel scheme existed to protect the public from price shocks and stabilize supply. If it was instead manipulated to manufacture shortages, justify emergency imports, and load consumers with inflated premiums, then was a racket.
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Benn5 รีทวีตแล้ว
From my dm, "help ask Ndindi Nyoro why he has developed this tendency of seeking popularity using EPRA and Fuel prices while he supported removal of Fuel Subsidies, addition of VAT on petroleum products and introduction of Fuel levy. Why is he clever now?"
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Benn5 รีทวีตแล้ว
That’s not a soul tie, you just have low self esteem.
OSIRIS ASSAD@Osirisassad
Soul ties suck, why do I still miss you after you showed me I mean nothing to you
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Benn5 รีทวีตแล้ว
Ukianza kuona tweets za jacob juma tl jua kuna maandamano inakaribia.
Filipino
@BravinYuri But there should be a ceiling to greed hii nayo hapana it's too much
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Benn5 รีทวีตแล้ว
My classmates left in the middle of school trip to fly from Shanghai to Budapest just to vote.
That’s how locked-in they were.
Jola@Jollz
Voter turnout in Hungary was over 80%. Let he or she who has ears, hear.
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Benn5 รีทวีตแล้ว
Benn5 รีทวีตแล้ว
🇵🇱🇮🇱Polish MP Konrad Berkowicz displayed an Israeli flag where the Star of David was replaced with a swastika and said:
“Israel is the new Third Reich and that's exactly how its flag should look”
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Benn5 รีทวีตแล้ว
Benn5 รีทวีตแล้ว
Gaddafi agreed to this and was sodomized to death and now you can buy slaves in Tripoli
Clash Report@clashreport
JD Vance: Trump says to Iran: “If you commit to not having a nuclear weapon, we are going to make Iran economically thrive.”
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Benn5 รีทวีตแล้ว
the cleanest tell that you're Projecting is how certain you are about someone else's interior
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Benn5 รีทวีตแล้ว
Musings on Kenya's changes in pump prices & the VAT adjustment:
This is a drastic u-turn by the National Treasury on how to cushion from a VAT perspective.
· Just a fortnight ago, the idea was to switch VAT from being ad valorem to specific. The idea was that VAT on petroleum products will then switch from being pegged on the value of the product & be imposed based on the quantity of product. The idea here was to decouple tax from the rising cost/value (see clip from CS MBadi before the National Assembly).
· Today, in a drastic U-turn the government has decided to adjust the rate from 16.0% to 13.0%. So we keep the rate as ad valorem, & offer a marginal decline on the standard rate
What triggered this U-turn?
· I suspect Supplementary Appropriations I 2025/26 & the Kes 1.3 trillion deficit (6.8% of GDP). The whole of the National Treasury's senior leadership is in Washington DC for talks with the IMF
The rate
· Sec6(1) of the VAT Act empowers the CS to reduce by up to 25.0%. So the CS had a window to reduce up to 12.0% (similar to COVID19 relief measures). Why 13.0%? Why deny the consumer that 100.0 bps?
Operational Realities
· Since the VAT rate for petroleum products is changing mid-month, the April 2026 VAT return will be chaotic for OMCs.
· OMCs have to now effect changes to their ERPs effective midnight tonight to be sure that they align with the change in VAT rate for pricing. It will be interesting to watch
· Suppose an OMC deals in both fuel & lubricants, as many do anyway. The lubricants are still at 16.0%, your fuel is on the new rate at 13.0%. That ERP system needs to be adjusted to capture both rates. It will be interesting to watch
Julians Amboko@AmbokoJH
Quite a loaded release on Kenya's April 15th through May 14th pump price cycle: 1. Super Petrol increases by Kes 28.69/litre to Kes 206.97 2. Diesel increases by Kes 40.30/litre to Kes 206.84 3. Price of Kerosene remains unchanged 4. Value Added Tax on Super Petrol, Kerosene & Diesel have been reduced to 13.0% from 16.0% 5. GOK plans to use Kes 6.2 billion worth of Petroleum Development Levy to smoothen out the prices
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