×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Petrol price could hit Sh200 per litre, oil marketers warn

Treasury has in the Finance Bill 2023 proposed an increase on the value-added tax levied on petroleum products. [File, Standard]

A litre of petrol might in the coming weeks hit Sh200 if new tax proposals by the National Treasury sail through.

Treasury has in the Finance Bill 2023 proposed an increase on the value-added tax (VAT) levied on petroleum products to the standard rate of 16 per cent from the current rate of eight per cent.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in