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Petrol to hit Sh125 per litre if Treasury pushes through VAT on fuel products - 14 Mar 2018 17:06

Margaret Njugunah

he VAT on petroleum products will see motorists pay Sh125 per litre of super petrol, up from the current Sh107.92 while diesel will retail at Sh111. Treasury Chief Administrative Secretary Nelson Gaichuhie has told the Senate Energy Committee that the Government has scheduled to implement the controversial VAT by September 1, 2017. The members of the Senate’s Energy Committee have however questioned the move saying it will dampen economic growth, as higher fuel costs eat into production costs. “Consumers in far-flung towns will pay even higher prices arising from added costs like transport, the sum of which forms the principal amount on which VAT is levied. It will be a double tragedy for motorists because global oil prices are on the rise, increasing cost for net importers such as Kenya,” Narok Senator Ledama ole Kina, a member of the committee, said. The IMF has in the past said Kenya needs to ...
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