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Fuel prices could fall in October as State mulls tax, profit cuts amid industry pressure

An attendant fueling a motorbike at a city fuel station. Taxes account for a huge chunk of the cost of pump prices. [Caleb Kingwara, Standard]

The government is mulling a plan to cut taxes on petroleum products in what could be the new administration softening its stand on fuel prices following public outcry.

The government on Wednesday scrapped subsidies on super petrol while implementing deep cuts on subsidies for diesel and kerosene, raising prices to unprecedented levels.

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