×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

Edible oil manufacturers oppose 25 per cent excise duty

Vocalize Pre-Player Loader

Audio By Vocalize

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.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
KCB unveils record Sh22 billion dividend payout as profit surges
Business
Stima Sacco reports Sh10.8b revenue on increased digital transactions
Business
Stanbic profit flattens at Sh13.7 billion as South Sudan subsidiary recovers
Real Estate
New developments spur Watamu's beach tourism as investors return