Kenya’s Imposition of Tax on Petroleum Products Stir Nationwide Outrage
The introduction of VAT has raised the price of petroleum across the east African country.
SEATTLE (Oil Monster): On September 1, Kenya’s National Treasury Cabinet Secretary, Henry Rotich revealed that it has implemented the imposition of 16 percent VAT on all petroleum products in the state after an initial 2-year suspension. The tax imposition has however generated outrage and nationwide protests from both motorists and labour unions in the country.
The introduction of VAT has raised the price of petroleum across the east African country, with the addition of Sh17 on every litre of the commodity. This comes 4 months after the Energy Regulatory Commission (ERC) increased the price of petrol by Sh1.64 in June. The increase in June also affected diesel and kerosene with both products increasing by Sh4.96 and Sh5.88 respectively.
Courtesy: www.venturesafrica.com
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