The government has extended the eight percent Value Added Tax (VAT) on fuel by three months to October 14, in an effort to avert a sharp increase in pump prices in the coming months in the wake of the resumption of the US-Iran war.
The eight percent VAT rate was due to lapse on Tuesday (July 14) but has been extended amid rising global prices of fuel, whose effect is expected to hit Kenyans from the August 14 monthly cycle.
