Fuel Prices (finance act 2016)

Motorists have been handed a two-year relief with the deferment of value added tax (VAT) on petroleum products, which pushes forward fuel price increases to September 2018 at the earliest.

The Finance Act 2016 assented to a week ago extended the exemption of the 16 per cent tax offering relief to motorists who had feared the new levy would once again push petrol prices above Sh100 per litre.

Treasury Secretary Henry Rotich had in his June 8 budget speech indicated that the tax would be deferred for one year but this has now been extended to two years.

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Tupige kura kwanza

This intended levy should just be scrapped " wanjiku manenos "

42% of the price of petrol is taxes and levies. Kwani gava haishibi?