Lamu refinery a 2030 answer to a 2026 fuel problem

 A view of the newly commissioned Dangote oil refinery is pictured in Ibeju-Lekki, Lagos, Nigeria on May 22, 2023. 

Photo credit: Reuters

In July last year, the Energy and Petroleum Regulatory Authority (Epra) raised the pump price of diesel by Sh8.67 a litre. In April this year, it increased the price of diesel by Sh40.30 in a single review.

Between those two announcements, the Strait of Hormuz went from disrupted to effectively closed, and Brent crude peaked at $126 a barrel.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.