Friday, June 2, 2023 – President William Ruto’s bottom-up economics has hit the economy so hard that the Petroleum Outlets Association of Kenya (POAK) has already raised the alarm over the low fuel uptake by motorists in the country. In a brief statement, the Martin Chomba-led association claimed that the uptake of fuel products had significantly…
Treasury has in the Finance Bill 2023 proposed an increase on the value-added tax levied on petroleum products to the standard rate of 16 per cent from the current rate of eight per cent.
Treasury has in the Finance Bill 2023 proposed an increase on the value-added tax levied on petroleum products to the standard rate of 16 per cent from the current rate of eight per cent.