Team pushes for longer grace period on fuel VAT

Kenyans should brace themselves for higher energy bills this year as the National Treasury tries to grow its income. [Photo by Elvis Ogina/Standarrd]

Parliament has lobbied the Government to postpone the implementation of new taxes on petroleum products that could result in an increase of fuel prices by at least Sh12 in five months.

The National Treasury is aiming to raise Sh34 billion in Value Added Tax (VAT) on petroleum products. This is set to take effect in September.