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Kenya slashes unpopular tax on petrol by half [The Morning Call]

Kenya slashes unpopular tax on petrol by half [The Morning Call]

The Morning Call

Following concerns and a backlash over rising fuel prices affecting cost of living, Kenya’s government has approved a 50 percent reduction on a new tax on petroleum products.

President Uhuru Kenyatta on Friday in a televised address proposed the 50 percent cut and promised expenditure cuts across government departments.

Kenya introduced the 16 percent value-added tax on gasoline on the 1st of Sept saying it would help raise around $345.8 million to plug a budget deficit of 5.9 percent of gross domestic product GDP.

But Kenyatta now says he wants to find “a delicate balance between short-term pain with long-term gain”.

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The Morning Call

The Morning Call is about you. We want to share your opinions on our programme. If you want to contribute to The Morning Call, here are the best ways to get in touch : For more details on how to contribute, click here.