- The government reduced VAT on petroleum products from 16% to 8% following President Ruto’s directive to lower pump prices.
- This move came after opposition threats of mass protests due to rising fuel prices.
- The VAT (Amendment) Bill 2026 was passed quickly and will be in effect for 90 days, with a possible 90-day extension if needed.
- The reduced VAT applies to petrol, kerosene, and diesel.
- Recent price hikes saw diesel and petrol increase significantly, with new prices set across major cities.
Source: pressreader.com
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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