President Kenyatta rejects Finance Bill : What it means for common mwananchi

KTN News Sep 14,2018


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President Uhuru has rejected the finance bill 2018 which Kenyans had keenly been waiting for. The president’s rejection of the bill now puts to rest the ongoing stalemate over the 16 per cent vat on fuel. He received the bill for assent from national assembly speaker Justin Muturi on Thursday. In a gazette notice, the speaker has since called mps for special sittings next Tuesday and Thursday to discuss the development. The 16% vat on petroleum products was imposed on September 1, resulting into a sharp increase in fuel prices. The introduction of the charge has seen fuel prices rise to sh130 per litre for petrol and almost sh100 for kerosene. The mid?month review by erc is due on Friday.