• Latest
  • Trending
fuel

Price of beer, fuel and others to rise from July

June 15, 2020
Ghana’s Black Queens Fall to South Africa in WAFCON 2025 Opener

Ghana’s Black Queens Fall to South Africa in WAFCON 2025 Opener

July 7, 2025
Run Ghana hosts successful 4th edition of annual bike & run event

Run Ghana hosts successful 4th edition of annual bike & run event

July 7, 2025
Museveni to run again as Uganda's ruling party picks him for 2026 election

Museveni to run again as Uganda’s ruling party picks him for 2026 election

July 7, 2025
PRINPAG sets July 14 for executive elections nominations

PRINPAG sets July 14 for executive elections nominations

July 7, 2025
'Our Hospitality Cannot Be Taken for Granted' - Sam George Rejects Claims of Igbo Kingdom in Ningo-Prampram

‘Our Hospitality Cannot Be Taken for Granted’ – Sam George rejects claims of Igbo Kingdom in Ningo-Prampram

July 7, 2025
Rubber-stamping judicial appointments worrying; needs urgent reform — Prof. Kwasi Prempeh

Rubber-stamping judicial appointments worrying; needs urgent reform — Prof. Kwasi Prempeh

July 7, 2025
Stop Charging Students for Exam Results – CUTS Int’l to Education Ministry

Stop charging students for exam results – CUTS Int’l to Education Ministry

July 7, 2025
Police promise safe Homowo celebrations with tighten security

Police promise safe Homowo celebrations with tighten security

July 7, 2025
Farmer Global and KIC empower Youth Agripreneurs with agricultural start-up kits

Farmer Global and KIC empower Youth Agripreneurs with agricultural start-up kits

July 7, 2025
Turn Data Skills into Social Impact’ - Telecel Ghana CEO Urges Younger Generation

‘Turn Data Skills into Social Impact’ – Telecel Ghana CEO Urges Younger Generation

July 7, 2025
ABSA BLACK STAR MARATHON TEAM CALLS ON SPORTS MINISTER AHEAD OF JULY 26 EVENT

Absa Black Star marathon team calls on sports minister ahead of July 26 event 

July 7, 2025
WORLD PR DAY FESTIVAL UNVEILS 2025 CALENDAR TO MARK 5TH YEAR

World PR Day Festival unveils 2025 calendar to mark 5th year

July 7, 2025
Happy Ghana
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home News Africa

Price of beer, fuel and others to rise from July

in Africa
fuel

fuel

Share on FacebookShare on TwitterShare on Whatsapp

Starting July 1, the prices of goods such as bottled water, fuel, juice and beer will shoot up following last week’s 2020/2021 budget proposals.

The Kenya Revenue Authority (KRA) will increase the excise duty chargeable on about 3 products by approximately 5.5 percent. This means that consumers will have to dig in their pockets a little deeper starting next month.

The Kenyan law demands that excise duty be adjusted on specific items upwards to coincide with the annual inflation rate or the 12 months through June as well as to reflect the cost of living.

The revised rates are bound to hit Kenyans already reeling from job losses, unpaid leaves and pay cuts hard. The Covid-19 pandemic has created harsh economic times with reduced purchasing power resulting to minimal activity from businesses.

The Kenyan economy relies heavily on fuel for power generation, transport, agriculture and direct use of Kerosene by households to cook and generate lighting. Owing to this, the prices have the biggest impact on the inflation rates.

Although fuel prices worldwide are at an all-time low, the imposed excise duty of Sh22.07 a litre will see the price of Super Petrol in Kenya go up by Sh1.16 while Diesel and Kerosene will go up by Sh0.60 a litre.

Kenya is set to be among the countries with the highest tax rates in Alcohol with the excise duty of beer rising by Sh6.10 a litre. Currently the tax is at Sh110.62 a bottle or Sh55.31 per bottle.

For spirits, the excise duty will go up from about Sh253 per litre to Sh266.40, while wine will adjust upwards by Sh10.41 from the current rate of Sh189 a litre.

East African Breweries Limited, Kenya’s largest brewer and other Alcohol production firms, have been adjusting the rates by about Sh10 per bottle in response to the inflation adjusted tax.

Other items set to attract higher taxation include Fruit Juices, Motor Cycles, Cigarettes and Cigars.

In 2019, KRA adjusted the excise duty upwards by 5.17 percent of inflation compared to 5.2 percent in 2017.Economic growth this year is expected to drop by 2.5 percent from the pre-pandemic projection of 5.4 percent.

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

Find out names of Kennedy Agyapong’s 22 children

Next Post

We cannot prosper solely from natural resources – Ps Mensa Otabil

Next Post
Focus on completing your race not the competition - Mensa Otabil

We cannot prosper solely from natural resources - Ps Mensa Otabil

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Ghana’s Black Queens Fall to South Africa in WAFCON 2025 Opener
  • Run Ghana hosts successful 4th edition of annual bike & run event
  • Museveni to run again as Uganda’s ruling party picks him for 2026 election
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.