Edible oil manufacturers oppose 25 per cent excise duty

Edible oil on sale at Mama Watoto Supermaerket in Kakamega. [Mumo Munuve, Standard]

Edible oil manufacturers in the country have called for the scrapping of the proposed 25 percent excise duty on vegetable oil in the Finance Bill 2024, warning that cooking oil prices could increase by 80 percent.

Through their association, the manufacterers raised concern with the tax noting that it would apply to both raw materials and refined cooking oils and cautioned members of Parliament against passing the same.