×
The Standard e-Paper
Stay Informed, Even Offline
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The depletion of the Petroleum Development Levy (PDL) Fund that forced the government to withdraw fuel subsidies for the October-November pricing cycle has exposed motorists and businesses to a fresh round of price hikes that are expected to push essentials further out of reach for many Kenyans.
And while the government extended a reduced eight per cent Value Added Tax (VAT) rate on petroleum products for an additional 90 days to January, which was first introduced in April, the tax concession appears to have been inadequate against the surge in pump prices.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
Prefer the Standard on Google
join