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Treasury to lose billions in MPs' proposals to lower cost of fuel

Total Petrol Station in Kitui town on September 29, 2021. [Boniface Okendo,Standard]

Lawmakers are pushing for substantial cutting of levies charged on fuel in a raft of recommendations that will see Treasury lose billions of shillings in revenue.

Members of the National Assembly Finance and National Planning committee who have been under fire for the skyrocketing cost of fuel in the country now seek to reduce Value Added Tax (VAT) from 8 per cent to 4 per cent as well as Petroleum Development Levy (PDL) by a half.

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