Kenya is set to join a host of countries that have lowered taxes on fuel in a bid to cushion consumers from steep fuel prices in the wake of the US-Israel war on Iran, shifting focus to local pumps ahead of the upcoming pricing review.
Treasury Cabinet Secretary John Mbadi told lawmakers on Thursday that the government could move to review the Value Added Tax (VAT) of 16 percent on fuel to avert a steep rise in pump prices in the wake of the Middle East conflict which has triggered a sharp rise in the global prices of fuel and a surge in shipment costs.
