Business Daily | by John Mutua
Consumer prices of petroleum and electricity are set to climb if Parliament approves a new taxation formula aimed at boosting the finances of the Energy Petroleum Regulatory Authority (EPRA).
The formula proposed by the Energy ministry will see the regulatory levy on petroleum charged at up to one percent of the combination of the landing, transport and storage costs of fuels instead of the current fixed charge.
The ministry is also recommending a new levy of up to one percent on the consumption charge for electricity…
