President Ruto Cuts Fuel VAT to 8%, Announces Sh6.5 Billion Relief for Kenyans

• President Ruto announced a reduction of VAT on fuel from 16% to 8% for three months.
• The government will inject Sh6.5 billion to stabilize fuel prices and cushion Kenyans from the high cost of living.
• These measures respond to global fuel price surges linked to the Middle East conflict.
• Kerosene prices will remain unchanged to protect low-income households.
• The government’s actions aim to provide immediate relief and maintain fuel supply stability.

Source: standardmedia.co.ke

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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