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Edible oils firms plead for freezing of import tax hike
The Edible Oil Manufacturers Association of Kenya notes that imposition of the tax on imported crude palm oil, a key raw material used in the production of cooking oil will lead to significant rise in price of the commodity.
Manufacturers of edible oils in Kenya have petitioned the government to delay the implementation of 10 percent duty on imported crude palm oil that became operational on July 1, 2024, calling it punitive and insensitive at a time Kenyans are going through hard times.
The Edible Oil Manufacturers Association of Kenya notes that imposition of the tax on imported crude palm oil, a key raw material used in the production of cooking oil will lead to significant rise in price of the commodity, an essential household staple for millions of Kenyans.
