Parliament mulls fuel tax cuts in new Budget Bill

fuel prices, fuel subsidy, petroleum development levy


Business Daily | by John Mutua


Taxes on petroleum products are set to be lowered from July as Parliament seeks to contain growing public anger and pressure over soaring fuel costs in the country.

The Energy committee of the National Assembly said it would propose lower taxes and levies on petroleum products through the Finance Bill of 2021.

Petrol will is currently retailing at a level last seen in November 2011 while diesel is selling at the highest level since December 2018…

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