High fuel prices remain as President Uhuru rejects Finance Bill 2018

President Uhuru Kenyatta rejected the Finance Bill 2018 on Thursday, sending it back to Parliament.

This means the 16 per cent Value Added Tax (VAT) on fuel stays put.

A special sitting of the National Assembly has been called by the Speaker Justin Muturi for Tuesday, 18th September and on Thursday, September 20.

“Pursuant to the provisions of Standing Order 29(3) of the Standing Orders of the Members of the National Assembly, it is notified that special sittings of the Assembly shall be held in the National Assembly Chamber in the Main Parliament Buildings, on Tuesday, September 18 and on Thursday, September 20,” states a Gazette Notice dated September 13.

Speaker Muturi on Thursday presented the Bill to the President and State House Spokesperson Kanze Dena confirmed that Uhuru received the legislation.

The legislation was approved by the National Assembly on August 30, 2018.

The 16% VAT was imposed on September 1, resulting into a sharp increase in fuel prices.