An attendant fuels a motor vehicle at OLA petrol station near Pandya Hospital in Mombasa County on July 1, 2023. Fuel consumption has dropped to the lowest level in at least five years.
Major losers of the dip includes KRA whose collections from petroleum taxes, levies have been hit.
Decline comes amid increased taxes that negated benefits of fall in global prices.
Fuel consumption between July and September plunged to the lowest level in at least five years, with the decline coming amid increased taxation that negated the benefits of a drop in global prices, with local pump prices crossing the Sh200 mark for the first time.
Analysis of official data shows that diesel consumption dipped 4.3 per cent to 658.09 million litres in the review period from 687.66 million litres a year earlier while that of super petrol fell to 497.46 million litres from 499.54 million litres.
